Housing Market Trends Q2 2024: What To Expect

Key takeaways

  • Selling and buying activity typically accelerates in springtime, but the second quarter of 2024 may be slower than in previous years.

  • Home prices are expected to increase slightly, with continued high demand and low supply.

  • Mortgage rates remain on the high side, but could dip by the end of the quarter.

Spring has sprung, a time when thoughts turn to love, or so the poets tell us. But will homebuyers and sellers be feeling the love this season, considering persistent low inventory and continued high mortgage interest rates?

For answers, we reached out to industry pros. Read on

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New land hits Townsville housing market

Courtney Snowden

News Corp Australia Network

Budd Photography (Townsville Photographer)

Urbex project director, David Argent, and Urbex sales manager, Sue Bidgood at the new Somers and Hervey residential development in Rasmussen. Picture: Roslyn Budd


Townsville homebuyers will be able to lock down a block in the region’s newest housing estate from today with the launch of the Somers and Hervey stage one land release in Rasmussen.

The Buttonwood release features 20 lots ranging from 375 sqm to 748 sqm and priced from $162,000.

The blocks were the first to be sold in the Somers and Hervey estate and the project, by national developer Urbex, is one

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