The Australian property market is showing strong signs of recovery with prices rising steadily across major cities. Sydney, Brisbane, Perth, Adelaide, and Darwin have reached or passed their previous peak levels. Lower interest rates and limited housing supply are driving demand and boosting buyer confidence. Many experts predict this trend will continue with property values expected to grow by around four to five percent each year over the next few years. However, affordability remains a concern for many buyers as prices rise faster than wages. More housing supply is needed to balance the market and ease pressure on first home buyers.
Read more- https://www.forbes.com/advisor/au/personal-finance/property-market-update/
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