- 1 November 2019
Moody’s : Australia’s House Prices Forecast to Grow further in 2020
After the largest downturn in 40 years, the Australian residential property market is moving out of its correction with a forecast 5.4 per cent increase in national house prices in 2020.
Corelogic and Moody’s 2019 third quarter housing forecast report has predicted a significant uptick across the east coast capital city residential markets next year.
Which cities are best placed to take advantage of this growth - read on for further information!
Sydney is projected to lead this expansion with 7.7 per cent growth.
Melbourne’s house values will follow close behind, expected to grow 7 per cent in 2020 after a 9.2 per cent fall in 2019.
Brisbane’s market, which has fared better than most other capital cities, is still working through a moderate correction with house prices forecast to grow 2 per cent in 2020.
Make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further detail on this report, so you can get the right properties in the right areas, best selected for capital growth!
Troy Gunasekera | National Manager
Property Club being the leaders in Wealth Creation through property for 25+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
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