Property prices are likely to keep roaring higher into further record territory next year, as the Australian economy’s stronger-than-expected recovery continues.
And there is a good chance that they could continue to climb after that, market experts say, albeit prices could start to moderate and even return to their long-term percentage annual growth rates of low, single digits.
Louis Christopher, founder of SQM Research, says there are more property buyers than sellers and with the Reserve Bank of Australia re-affirming interest rates are likely to stay low for a long time, the evidence “suggests the market is going to continue to go up from here; particularly for free-standing houses”.
Click HERE to view the article published on 8 June 2021 by The Age.
Disclaimer: This article has been prepared without taking into account your objectives, financial situation or needs and should be regarded as general advice only. Before acting on this advice you should consider whether it is appropriate for your needs and has regard for your own objectives and financial situation. We encourage you to consult a finance professional before acting on any advice provided in this article or found on this website.