Economists are expecting the Official Cash Rate to rise sooner rather than later - flattening forecasts for the property market

Cotality's latest report shows almost three quarters of local respondents expect house prices to rise this year.

Meanwhile, ANZ's slashed its house price inflation forecast for 2026, from five percent to two percent.

ANZ Chief Economist Sharon Zollner says the economy can't grow too fast.

She says two hikes are already expected this year.