With a swirling mix of economic uncertainty and market predictions, the answer is more nuanced than ever. But fear not, for we come bearing insights as your mortgage broker!

Market Forecasts:

Growth, but with speed bumps: Experts predict national house price growth of 5-7% in 2024. However, expect regional variations, with Sydney and Brisbane leading the pack, while Melbourne and Hobart might see a more subdued 2-4% rise.

The RBA’s rate hikes are expected to level off, potentially even decline by late 2024. This could stabilize buyer confidence and borrowing power. The critical factor remains the tight supply of available properties, particularly in desirable areas. This could continue to fuel competition and price rises.

So, when should you buy?

The answer depends on your personal circumstances and risk tolerance. If you’re ready to commit and have a strong financial buffer, the first half of 2024 might offer more choice and potentially lower prices before the anticipated market surge.

If stability is your priority, the second half of 2024 could be a good time, with the potential for interest rate cuts and price stabilization. Consider fast-growing regional markets like regional Queensland, where affordability and growth potential coexist. 

Please also consider these crucial factors:

  • Your financial health: A strong deposit, stable income, and manageable debt-to-income ratio are key.
  • Your needs and priorities: Location, property type, and future plans all play a role.
  • Seek professional advice: A mortgage broker can navigate the complexities of the market and find the right loan for you.

Remember, there’s no perfect “best time” to buy. The key is to be informed, prepared, and flexible. By understanding the market trends and aligning them with your personal goals, you can make a confident and informed decision about your 2024 property purchase.

 So, grab your metaphorical hard hat and let us help you start your property journey!

This blog is for informational purposes only and does not constitute financial advice. Please consult with a qualified mortgage broker for personalized guidance.


We’re a family-owned business with around 8 staff, 15+ years experience and more than $500M of approved loans. By taking time to understand your requirements, we help make your dreams come true with caring, professional service.

Our team of specialists including Gold Coast Finance Brokers, Medical Mortgage Brokers, Varsity Lakes Mortgage Brokers, Gold Coast Mortgage Brokers and Southport Mortgage Brokers  will find the right loan for you.


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