Welcome to this week's Finance in 5, where we delve into the latest predictions and trends shaking up the Australian housing market. Big news: house prices in Perth are projected to surpass the $1 million median mark by 2027, and Sydney's median house price is expected to soar beyond $2 million. With a sustained housing shortage kicking into another gear, what does this mean for first home buyers?

In today's episode, we’ll explore expert predictions for house prices over the next 12 months and analyze the rental market, where some relief might finally be on the horizon for Sydney and Melbourne tenants. We’ll also navigate the trifecta of inflation, interest rates, and your mortgage, examining how these factors are reshaping the Australian housing landscape.

Join us as we tackle these pressing questions:

1. What will happen with property prices?
2. Are there more interest rate hikes on the horizon?
3. How can first home buyers navigate this challenging market?

We’ll discuss CoreLogic and CPI index data, the Reserve Bank’s inflation control strategies, and the impact of low supply and high demand on property prices. We’ll also cover the latest insights on rental market trends and the potential for new home construction to ease the housing shortage.

Don’t miss this episode if you want to stay informed and prepared in this ever-evolving market. Like and subscribe for more updates, and visit HunterGalloway.com.au for personalized assistance and free assessments to help you on your home-buying journey.

Tune in now to navigate the property markets with confidence!