Australians are staring down the barrel of some truly epic house and unit price increases, with property values predicted to double across many areas in as little as five years.
There will also be some areas that go the other way, with home values expected to drop by hundreds of thousands of dollars, new real estate analysis shows.
The PropTrack modelling provided exclusively to News Corp revealed what property prices would be in each city and suburb by 2029 if price growth trends from the last five years were repeated.
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The data paints a frightening picture of the kind of landscape facing new buyers by the end of the decade, while also showing just how much wealth current homeowners may attain from their properties.
Home buyers could expect to pay over $1m for a house in many prominent regional areas and substantially more in the country’s biggest cities if markets …