- SYDNEY home prices have peaked and will fall for the next two years, ending one of the longest runs of price hikes in history, new housing forecasts reveal.
The modelling by research group BIS Oxford Economics shows the typical price of units and houses will drop roughly 5 per cent over the next two years before inching up the year after.
This would mean today’s median-priced $1.2 million house would drop about $60,000 in value over the two years before recovering $10,000 to be worth $1.15 million in 2020.
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