House prices set to rise nationally in 2023

Westpac has lifted its forecast for housing growth.

Yellow Brick Road Home Loans Executive Chairman Mark Bouris told Sky News Australia he would take a lot of notice of this report by the big bank.

“These changes to the way lenders will assess your ability to repay a home loan is going to start to bite into those house prices in 2023,” he said.

“We are going to have a bit of a kick in house prices.”