Interesting well-balanced article that covers a lot of fundamentals affecting property, but the headline is misleading.

Addressing the headline:
People’s finances determine the best time to buy and sell.
Hence there is always a worst and best time for everyone.
My belief is that right now is the best time to buy a property for the long term, whether as a home of as an investment.
In fact its a fantastic opportunity because all the dominoes are currently stacked in favour of the property market.
I havent seen it looking this good for decades! Im sure MY will agree.
As the writer says, whilst property prices might look high now, in 3 years time, looking back they will look cheap (as always with property)

Now for the property forecasts:
The article says “The shortage of dwelling both for sale and for rent, at a time of skyrocketing population growth is going to continue into 2024”
This is absolutely correct.
So why then does ANZ says this:
The following chart from ANZ Bank shows they expect housing prices to rise around 6% in 2024 and then around 5% in 2025.
In fact Commbank made the same forecast a few days ago.
That doesnt make either forecast right.
Shouldn’t it be more like 15% and 10%?
This based on the fact property prices grew 10% in 2023 with significant headwinds (interest rates were rapidly rising) and rents had only just started their sky rocking increase.

Dont forget that ANZ forecast a 20%-30% drop in property prices during the COVID19 shut down and that was way off the mark as well.