Sydney price forecast: Mostly sunny

1/5/2013

After a very long run of patchy weather it looks like the sun has come out over the Sydney residential property market with new forecasts predicting Sydney will out-perform all other major markets over the next three years.

“A sizeable deficiency [of stock] and improved affordability due to lower interest rates appear to be finally having an impact on Sydney residential prices, with the rate of price growth expected to strengthen”, says BIS Shrapnel in their latest edition of Residential Property Prospects.

…and you know what they say about making hay while the sun shines!

Author

An ongoing collection of thoughts, opinions, observations and recommendations by long time property analyst and commentator Brett Johnson.

Brett has been actively involved in property investment, research and management for forty years. He is a passionate advocate of planned, counter-cyclical property investment with a special focus on understanding the behaviour of property markets. He is a regular commentator on property investment and markets in Australia and an author of The Wealth Power of Property series of books.