Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Growth Sales Marketing Industry

Our Events


New Broker Academy 2022

The Adviser’s New Broker Academy aims to equip prospective brokers with the knowledge, skills and mindset to succeed...

LEARN MORE
VIEW ALL
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

Boom may be over, says property expert

By Staff Reporter
15 December 2014 | 1 minute read

Australia’s housing market is set for “a year of flat activity” in 2015, according to Domain Group senior economist Dr Andrew Wilson.

Dr Wilson said that while 2013 was a year of expansion with strong price growth and 2014 was a year of moderation, most markets next year will struggle to grow faster than inflation.

“Although the case is growing for an official rate cut in 2015, without improved economic conditions and a return of incomes growth and confidence, this is unlikely to have a significant impact on housing markets,” he said.

Consequently, Mr Wilson said house price growth for most capital cities will hover around the inflation rate in 2015, but the rate of growth in each city will depend on local supply-and-demand factors.

Mr Wilson said Sydney is set to remain the best-performing market, with growth likely to be at least twice the inflation rate.

“A top performing local economy and the continued undersupply of housing will generate consistent buyer activity over the year,” he said.

“Inner- and middle-ring mid-price range suburban regions are set to continue to record double-figures price growth.”

Boom may be over, says property expert
default
lawyersweekly logo

Tags:

ABOUT THE AUTHOR


Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.