PHOTO: Sydney
Property investors are licking their lips for the year ahead with 2020 set to deliver growth to every capital city in the country.Of particular note is Australia’s two biggest markets in Melbourne and Sydney, which are set to record in excess of five per cent growth in housing values over the next twelve months.
A new report by fixed-free agency Upside predicts Sydney’s suburbs to regain the growth they experienced during the “boom year” of 2017.
“Property prices in Australia’s capital cities are on the rise again after a two-year slump. Australia’s two biggest housing markets, Sydney and Melbourne, recorded quarterly growth of 6.2 percent and 6.4 percent respectively to last month, according to CoreLogic’s Hedonic Home Value Index,” says Upside founder Adam Rigby.
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