by Sanjeev Sah | Jan 02, 2024 | Market Updates

With interest rates currently at their highest point in more than a decade, you might be wondering if now is a good time to invest in property? 

According to three of the big four banks, it seems interest rates are likely to fall in 2024, meaning now could be a good time to start the hunt for an investment property. 

Only NAB has predicted a further interest rate hike, coming in February. Commonwealth Bank, Westpac and ANZ have all forecast that the current cash rate will be the peak, with each bank predicting cuts sometime in 2024. 

So, the outlook for investors in 2024 seems to be positive as lower interest rates will mean lower mortgage repayments.