House prices to recover
From Louis Christopher of SQM Research, and his 2023 Boom and Bust Report, the base case scenarios sees housing prices rising +3 per cent to +7 per cent in 2023.
The rebound is set to be driven by Sydney, with a +5 per cent to +9 per cent increase:
Source: Louis Christopher
The predictions are predicated on the cash rate target peaking at no higher than 4 per cent, which it should.
