2018 Property Predictions

With so much going on in the property market in past years, it leaves us pondering on what 2018 will bring.

A view of the property market for the year ahead, general consensus is that:

  • Sydney property prices will be flat, which is great news for buyers and sellers as the market is more stable
  • Hobart property prices will continue to rise for the first half of the year. This is being driven by a changing economy with jobs growth and investors entering the market leading to more demand for housing and as a result pushing prices up
  • Price growth will continue to ease in Melbourne, with the apartment boom stabilising
  • Brisbane property market is tipped to continue at a steady climb with an improved job market and increase in migration
  • Property in coastal and regional areas in NSW and VIC will continue to grow as migration from the cities will continue outwards
  • Renters nationally will see a positive change with improved rental rights which will focus on renting a property long term

Overall the view is that we see a more stable property market so it looks like a good time for people to make a move on their property goals.

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