Brighter Buying

What are prices tipped to do next year?

by Kate Watt, Marketing Manager 5 December 2019

Property tragics everywhere can’t help it. We get to the end of a year, or the start of a new one, and we dust off the crystal ball and ask: what will prices do in the year ahead?

And of course, if we all knew the answer to that it wouldn’t be so much fun to read the (sometimes wildly varying) forecasts now would it?
For our bet, Brisbane continues to be a steady market, untouched by the instability of southern capital cities.
And it seems that CoreLogic and Moody’s Analytics agree with us, reports Yahoo Finance.
In 2020 they’re tipping Greater Brisbane house prices to climb 2 per cent, then a year later, another 3.7 per cent. Units are tipped to gain some lost ground, rising 5.4 per cent in 2020, followed by 6.5 a year later. At a more granular level, all regions within Greater Brisbane, both houses and units, are tipped to stay in positive territory in 2020.
Further afield, Greater Melbourne houses are tipped to enjoy growth above 7 per cent over the corresponding period following substantial dips in 2018 and 2019. Likewise for Sydney.
Adelaide and the ACT also expected to see growth while Darwin, Perth, Tasmania and the Northern Territory will see some dips either in 2020 or 2021.
Want to buy in a steady market?  View our current listings for sale or talk to us about selling.