Boom & Bust Forecasts for 2023

Australian consumers with an interest in real estate have been drowning, lately, in forecasts about big future decreases in real estate values – from the people I call the usual suspects, who have such bad track records in predicting property prices outcomes.

So it’s refreshing to see a high-profile and credible figure actually predicting that property prices will rise in 2023 – and getting considerable media coverage for it.

I’m already on the public record in forecasting growth in house prices in 2023, as is the highly respected analyst Simon Pressley from Propertyology.

And now Louis Christopher of SQM Research has published his annual Housing Boom and Bust report, which broadly forecasts a recovery in property prices in the major cities of Australia.