Australian property prices set to turn a corner in 2019, new modelling suggests

PHOTO: Australian property prices are expected to turn a corner in 2019, but price falls will continue in the short term.

After a tumultuous 12 months for Australian property, the market looks set to turn a corner in 2019.

Domain’s new Property Price Forecast report looks at how prices have changed in response to drivers such as population growth, interest rates, bank lending, unemployment rates and market sentiment. The modelling then forecasts the most likely scenario for capital city property prices over the next two years.

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