House prices have stopped falling, but don't expect a bullish bounce in 2018, Macquarie have forecast.
Analysts Justin Fabo and Ric Deverell said they don't expect a repeat of the 2016 bounce back in housing price growth this year.
But they suggest prices falls have stopped after Fabo and Deverell assessed the seasonally adjusted house price data from Domain's APM and Corelogic's RP Data.
"It is now looking very likely that housing prices at the national level are again rising modestly," the analysts told their clients overnight, and republished in The Australian Financial Review.
"Dwelling price growth and activity are quite seasonal so the data must be seasonally adjusted to get a clear read on housing price trends."
