Housing finance gives a clue to future house prices

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Housing finance gives a clue to future house prices

We know that Australian house prices rose 6% during the 12 months to June 2022.

And the just released (June) official lending statistics suggest that house prices could now rise by 4% for the year ending September 2022.

For the rest of the year, we are forecasting a 1% fall in median house prices across Australia.

What this means is...

If you bought a house in June last year, it could be worth 6% more as of June this year.

And a home bought around September 2021 could have grown by 4% more in value come September this year.

But if you bought a house last December, then it could be potentially worth 1% less at the end of this year.

About Michael Matusik Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive