Leading Australian economists have declared that official interest rates have reached their peak. They anticipate a resurgence of house prices as rates begin to decline next year, potentially reaching new record levels. Increased migration and a shortage of home construction are also contributing factors to the rise. The economists expect house prices to increase by 7% this year and another 5% in 2024. Acquire residential properties as early as possible to maximise your gains from this extraordinary upswing.

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