Are you planning on investing in real estate in 2020? Or maybe you’re thinking of buying a new home? Coming from 2019, economists have already seen a significant change in the property market when compared to a few years ago. Today’s market and the new year prove that there are definite opportunities to be had if you know what you’re looking for. So, what’s ahead for our property market in 2020, and what should you look out for if you’re planning on investing? What’s ahead in the property market? House prices across all Australian cities are expected to grow over 2020–21. The combination of lower interest rates, easing lending serviceability buffers and increased economic growth is expected
Sydney and Melbourne dwelling prices are forecast to drive the nation's housing market bounce back next year. SQM Research tips Sydney could rise between 10 to 14 per cent and Melbourne 11 to 15 per cent over 2020. The latest Housing Boom and Bust Report expects most of Australia’s capital cities to record dwelling price rises over next year, as a result of the RBA’s interest rate cuts, a relaxing of credit restrictions and Australia's ongoing strong population growth rate. “These factors are expected to drive the national housing market into 2020,” SQM managing director Louis Christopher said. Latest ANZ and Corelogic research shows housing affordability peaked in June, with forecasts prope
