Where are Sydney Property Prices Heading?
With exactly 6 weeks to go until Christmas, you may be interested to know what the Sydney property market has in store for 2015.
Predictions for 2015
Sydney property prices are approximately 25% higher than they were just 2 years ago. Whilst a slow-down in this remarkable growth rate is inevitable, many leading analysts are still predicting reasonable growth in 2015.
- SQM Research predicts capital growth in Sydney of 8 – 12 per cent.
- John McGrath predicts between 5 – 10 per cent across the board in Sydney in his latest property report.
- The QBE/BIS Shrapnel “Australian Housing Outlook 2014 – 2017” report predicts growth of 9 per cent in Sydney.
Every year, the real estate industry grinds almost to a complete halt between the second and third weeks in December and middle to late January.
If you are serious about buying a property and would prefer to secure a purchase before February 2015, there is still time to buy a property before the end of the year. I have noticed a lot of new stock coming to the market in the last few weeks and this is good news for buyers.
Some of the best deals can always be found in the weeks leading up to Christmas. Motivated vendors are nervous about missing out on a sale before Christmas and jittery about their listing becoming stale over the break.
If you have not yet bought a property in 2014, it is still too early to switch off and you may surprise yourself with a pre-Christmas bargain.
If you need a competitive edge when searching and securing the right property for you,
do not hesitate to call me on 0405 134 645.