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Talking Property – The 2024 Sydney Property Market Previewed

Talking Property – The 2024 Sydney Property Market Previewed

6 months ago

In this Preview of the 2024 Sydney Property Market, Louis Christopher offers his forecast for the year ahead. Louis outlines SQM Research’s tried and tested approach to understanding the nuances of the housing market and how the market will perform in 2024, under 4 given scenarios.

SQM’s base case this year suggests there will be a modest decline in the Sydney market, primarily based on the Federal Government reducing immigration numbers compared with 2023. If the immigration intake is elevated in 2024, property prices are likely to remain high due to a lack of housing supply.

In this edition of Talking Property, we also discuss hot button issues such as:

Rental crisis – the market is set to increase another 10 – 15% in 2024 The impact on property prices due to major infrastructure projects Why the RBA will have scope to cut interest rates, even if the inflation rate has not reached the targeted 2% – 3% How the market could rise, even if unemployment increased modestly Why more affordable apartments will challenge prestige property as one of the best performers in 2024

We hope you find this edition of Talking Property insightful as you embark on your property journey in 2024