For Sydney, the pace of house price growth has begun to slow, with price growth forecasted to be relatively subdued this year. In the 2024 fiscal year, prices are expected to rise by only 2.7%, while they are projected to increase by 6.3% annually in both 2025 and 2026.

In Perth, house prices are expected to perform exceptionally well. Prices are forecasted to rise by 10.4% in the 2024 fiscal year, followed by increases of 9.8% in 2025 and 6.4% in 2026. Over the next three years, detached house prices are expected to rise by 29%, while unit prices will increase by 34.4%. However, Perth has shown relatively poor performance in recent years and needs to catch up with other capital cities.

Melbourne's house prices are also expected to rebound, primarily benefiting from the resurgence of overseas migration and normalization of interstate migration. However, due to the rapid increase in the number of properties listed compared to demand, prices may remain stable this fiscal year. Over the next three years, detached houses are expected to increase by 11.3%, while unit prices will rise by 13.4%.

Brisbane's house price growth is also relatively robust, with detached house prices expected to rise by 19.8% and apartment prices forecasted to increase by 23.3%. Brisbane has relatively low housing supply and prices compared to Sydney and Melbourne.

Adelaide's housing market momentum from last year is expected to continue, albeit at a slower pace. Over the next three years, detached house prices are forecasted to rise by 16.6%, while unit prices will increase by 19.3%. However, economists express some concerns about Adelaide's long-term performance as net interstate migration has returned to a more balanced market, and domestic migration's impact on demand has weakened.