Getting cheaper’: Australian suburbs where home prices will fall by 2028 revealed
- realestateprotips
- May 19, 2023
- 1 min read
Property prices would plummet by hundreds of thousands of dollars in some Aussie suburbs over the next five years while rising in others if recent market trends continued, new data suggests.
PropTrack analysis conducted for News Corp revealed what properties across the country would cost by 2028 if the last five years of price growth were repeated.
The data indicated most of the country was on a path to further price rises, but growth would not occur everywhere and prices were on track to go backwards by up to 18 per cent in some areas – many of them dominated by high-rise apartments.
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