RBA house price model predicts 25pc rise by 2023
Time to invest now, before it's too late
The Reserve Bank of Australia (RBA) have suggested that house prices will increase 25% between now and the end of 2023.
The forecasts pencil in an increase of 8% over 2021, from 1% to 15% for that year. They expect another 9% increase in 2022, with a range of 9% to 26%. A final 8% is forecasted for 2023.
The total accumulative range of price growth over the next 3 years is between 14% and 36%.
Source: Australian Financial Review 2021
