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Tuesday, December 9, 2014

Property prices to go up again in 2015

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Domain Group says prices will be moderate, but continue to grow, next year.

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Domain Group says prices will be moderate but continue to grow next year.


For the Sydney property market, it's going to be a happy, but steady, new year.


All predictions are that while 2015 home price growth won't reach the heights of this year - of about 11 per cent according to Domain Group's Andrew Wilson - there will still be growth.


"We've been seeing a slow down for some time," says Charles Tarbey, chairman of Century 21 Australia. "But moving forward, it'll be steady growth next year.


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Harbour views: 5/126 Kirribilli Ave, Kirribilli.

Harbour views: 5/126 Kirribilli Ave, Kirribilli.


"We'll still see an increase in stock coming on to the market, some new and some that won't sell at the end of this year, so buyers will have more choice, with the power of sellers and of buyers balancing out."


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