Can Housing Market Insights predict property prices?

No.

Search demand can provide useful evidence of consumer interest, but it should not automatically be interpreted as a prediction of future property prices.

Property prices are influenced by many factors, including:

• Supply
• Demand
• Interest rates
• Credit availability
• Economic conditions
• Government policy
• New development
• Infrastructure
• Foreign investment
• Local employment
• Population changes

Housing Market Insights should be used as a research tool rather than a guaranteed forecasting system.