Property prices predicted to continue increasing in 2022

By Maria Gil · · 1 min read
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family with a dog looking at future homes

In 2022, the Australian property market could see similar growth as 2021 but not as strong, says the newest Bricks and Mortar market forecast.

Here is what the experts predict:

  • In 2022 we will see property price increases but not at the same acceleration as 2021.
  • Bank interest rates are likely to increase, which could reduce the numbers of buyers.
  • As restrictions lift, the supply of homes available on the market should increase.
  • Houses are predicted to outperform units again.
  • The regional property market is likely to continue to be a popular choice for home buyers.
  • When the borders open, experts predict a spike in rental prices and demand.

Overall, the Australian property market exceeded all expectations this year. Nationwide prices for houses and units rose 22.2 per cent and the median value of a home went up by $126,700. Many economists predict that the market's momentum will likely slow down but not to pre-pandemic levels.

If you are thinking about buying a home in 2022, head over to our home loan guides page to get tips on how to save for a mortgage and the money tests you need to pass before you get a mortgage. If you’re ready to buy check out our home loan comparison hub or see our round-up of some of the best home loans from the Mozo Experts Choice Awards.

Home loan comparisons on Mozo - last updated 23 January 2022

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Mozo Expert Choice Badge
    Smart Booster Home Loan
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    Initial monthly repayment
    1.85% p.a.variable for 24 months and then 2.25% p.a. variable
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    UHomeLoan - Discount Offer
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    1.99% p.a. variable
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  • Mozo Expert Choice Badge
    Celebrate Variable Home Loan
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    Initial monthly repayment
    1.89% p.a. variable
    1.89% p.a.

    Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.

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  • Variable Home Loan
    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    1.99% p.a.

    Same low variable rate for all. No upfront or ongoing fees. Approval in minutes not weeks with a fast digital application. 100% offset sub account with no account or redraw fees. Comes with a Visa debit card, mobile App, and digital wallet (Apple and Google Pay). Refinance only. 25% deposit or equity required.

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  • Basic Home Loan
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    Initial monthly repayment
    2.14% p.a. variable
    2.14% p.a.

    Competitive low variable rate. No application or account management fees. Flexibility to split your loan and set different repayment types. Fee free withdrawals of your savings.

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  • Variable Home Loan
    interest rate
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    Initial monthly repayment
    2.38% p.a. variable
    2.41% p.a.

    Yard’s low-rate variable home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Only a 10% deposit needed.

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  • Special Real Deal Home Loan
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    Initial monthly repayment
    2.22% p.a. variable
    2.26% p.a.

    No application or service fees. Flexibility to choose your repayment schedule ( weekly, fortnightly or monthly) . $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent.

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  • Discounted Home Value Loan
    interest rate
    comparison rate
    Initial monthly repayment
    1.97% p.a. variable
    1.98% p.a.

    Enjoy competitive rates for owner occupiers. Enjoy unlimited free extra repayments. Flexibility to redraw additional payments for free. No ongoing monthly service fee. Plus, $3,288 cashback offer (conditions apply).

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  • Mozo Expert Choice Badge
    Evaporate Variable Home Loan
    interest rate
    comparison rate
    Initial monthly repayment
    1.94% p.a. variable
    1.91% p.a.

    Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

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