Sydney Property Prices – feast or famine?
Sydney Property Prices – feast or famine? First home owners are jaded and nervous about the prospect finding and securing an affordable house. RBA data continues top suggest strong demand.
The worst could be over for Sydney property price slump. According to CoreLogic, Sydney’s median home price fell 0.3 per cent in June, extending the slide over the past year to 4.5 per cent.
Tighter lending standards are impacting the market, limiting the amount prospective buyers can borrow. The downturn is predicted to last for some time yet. Sydney property values are likely to fall by up to 15 per cent from the peak in 2017.