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 calendar 2022, we are forecasting a 1% fall in median house prices across Australia.
In simple terms and from the bird’s eye view, if you bought a house in June last year, it could be worth 6% more as at 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.
Two charts are included in this post.