-
An oversupply of new homes, weaker investor demand and lower population growth will see prices growth decline in most capital cities over the next three years, a new report shows.
Leading the expected price falls are Adelaide and Darwin, where the house median is forecast to fall by 2 per cent by June 2019, according to BIS Shrapnel’s Residential Property Prospects 2016 to 2019 report released on Monday.
READ MORE VIA DOMAIN.COM.AU
adsense
All states except New South Wales are expected to move into oversupply or face growing oversupply.