University of Melbourne expert predicts property market performance in 2024

Professor Piyush Tiwari feels the Australian market has tailwinds and could rise further this year. He discusses the latest CoreLogic report that showed the Australian property market grew 8.1 per cent in 2023, with the highest growth seen in Perth (15.2 per cent), Brisbane (13.1 per cent), Sydney (11.1 per cent), Adelaide (8.8 per cent) and Melbourne (3.3 per cent). Negative growth was seen in Hobart and Darwin while the property prices grew only half a per cent in Canberra.

A pedestrian walks past a real estate agency in the central business district (CBD). (Photo by Lisa Maree Williams/Getty Images) Credit: Lisa Maree Williams/Getty Images

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