PROPERTY PRICE FORECAST - WHAT'S AHEAD IN THE COMING YEAR
What’s ahead for our property markets in the next year or two?
That’s a question people are asking now that our real estate markets have been hit by the Coronavirus crisis.
It wasn’t that long ago that the media was predicting another property boom following the remarkable turn in Australia’s housing markets, with the rebound in house prices considerably stronger than many expected.
After our housing markets bottomed in mid 2019 Melbourne enjoyed it’s strongest property price recovery ever and Sydney property recorded the fastest rebound in decades.
No wonder that those of us interested in property started 2020 full of optimism. Despite the fall in property prices over the June quarter, it hasn't been all the doom and gloom that was predicted. We are still seeing buyers out in force at auctions and private viewings with plenty of interest. With rates at an all time low, real estate is still a great investment. Even if prices fall, property is resilient and is always a solid investment.
The article below gives more information and predictions in real estate over the next year or two. Always remember, a good real estate agent that has been through the highs and lows of real estate will guide you through whatever needs you have in relation to property. Paramount Real Estate has many success stories over decades of those highs and lows. Don't hesitate to contact us for any information as we listen and talk honestly.