Property Predictions in the AU market for 2022

At the start of 2022, we expect the house price surge to slow down to investor demand to keep rising.  

The housing market will slow with the big four banks, mortgage brokers, and the real estate industry having to forecast the market that won't replicate the pricing that we last saw in 2021.  

• ANZ has tipped there will be a national price fall of 4 per cent in 2023, to follow a 6 per cent rise in 2022. 
   

• CBA modelling has pointed to a 10 per cent fall in 2023, to coincide with a cash rate rise to 1.25 per cent – after a 7 per cent rise in 2022. 
   

• NAB expects dwelling prices will have a more subdued 5 per cent increase in 2022. 

(Credits to Mortgage Business AU) 

In 2021, the property prices annual growth hits 20.6 per cent for the 12 months to November, based on CoreLogic Data for houses alone.  

“The supply of houses for sale will increase, as lockdowns have been lifted and restrictions on interstate travel have been eased,” Mr. Koulizos wrote in the 2022 Bricks & Mortar Media Property Forecast Report. 

“Banks will lift their lending rates and or/assessment rates, which means fewer people will be able to borrow money to buy property. This is in addition to the RBA lifting or threatening to lift the cash rate in 2022.” 

Quoted by Peter Kulizos, the chair of the industry body Property Investment Professional of Australia (PIPA). Over the past year, Sydney house prices have risen over 25.3%, Melbourne 15.1% and Brisbane 27.4%.