subscribe to our newsletter
House prices forecast to fall in seven capital cities

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.

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 logo

Latest News

The most expensive segment of the property market has experienced the sharpest fall in dwelling values over the past 12 months, according to...

Melbourne suburbs have experienced the largest property value growth over the last 25 years, according to new research. ...

Recent reports suggest that the recent rate hike in the US will impact Aussie mortgage rates. Meanwhile, pricing has become the default leve...

Promoted Stories

podcast

LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy

Do you expect access to credit to get harder this year?