Sydney house prices are set to slow down in 2022 due to an easing of buyer demand and an increase in homes for sale.

However, prices across Queensland are set to go up over the course of the year.

Commonwealth Bank of Australia Chief Economist Stephen Halmarick told Joe Hildebrand interest rates may rise in November.

“Another increase [in house prices] is expected this year but it’s going to be lower than last year.

“We think house prices across Australia will be down 10 per cent across 2023.”

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