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
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