Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

House prices forecast to fall in seven capital cities

Investors who are speculating on big capital gains in Sydney and Melbourne look set to be cruelly disappointed – but Brisbane is a safe bet.

BIS Shrapnel believes that house prices in Australia’s two biggest cities will experience limited growth between now and June 2018, while unit prices will actually go backwards.

Sydney’s median house price is forecast to rise 2.1 per cent to $980,000, while the median unit price is forecast to fall 0.7 per cent to $670,000.

Melbourne house prices are expected to climb 3.8 per cent to $680,000, while unit prices are expected to decline 4.0 per cent to $480,000.

However, the picture is different in Brisbane, where house prices are tipped to rise 13.5 per cent to $590,000 and unit prices are tipped to rise 5.7 per cent to $460,000.

Advertisement
Advertisement

PROMOTED FEATURES


Hobart, Darwin and Adelaide are forecast to experience increases in house prices and decreases in unit prices. Perth and Canberra are forecast to experience decreases in both categories.

The Hobart forecasts show house prices rising 4.1 per cent to $380,000 and unit prices falling 1.8 per cent to $280,000.

The Darwin forecasts show house prices rising 2.7 per cent to $575,000 and unit prices falling 2.5 per cent to $395,000.

Adelaide house prices are forecast to grow 1.1 per cent to $455,000, while unit prices are forecast to drop 1.5 per cent to $335,000.

Perth house prices are forecast to decline 2.6 per cent to $565,000 and unit prices are expected to decline 3.4 per cent to $425,000.

Canberra house prices are forecast to decline 1.8 per cent to $540,000 and unit prices are expected to decline 4.1 per cent to $465,000.

House prices forecast to fall in seven capital cities
mortgagebusiness

Latest News

The non-major lender is looking to bring in digital signatures and a new home loan platform this year, as it looks to digitise the loan pro...

The non-bank lender has announced the appointment of a chief financial officer after the previous CFO stepped down from his role in March. ...

The non-bank lender has wound back its serviceability policy after reducing its risk appetite in response to the COVID-19 crisis. ...

FROM THE WEB
podcast

LATEST PODCAST: The beginning of the end of deferrals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.