But SQM research report warns that prices in other Australian capitals are likely to surge, depending on interest rates and population growth rates
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Sydney and Melbourne property prices are forecast to drop by as much as 5% next year as high borrowing costs keep a lid on home values, according to a new report by SQM Research.
Meanwhile, housing shortages will push up Perth prices by up to 19%, while Brisbane properties will increase in value by up to 14%, and Adelaide by as much as 13%, according to the analysis.
