Trends to expect in 2018

The property market in Sydney in 2017 saw Sydney’s median house price rise by over $530,000. The following is a snapshot of the trends to expect in 2018:

 

  1. Financial markets predict the Reserve Bank will lift the official cash rate off the record low 1.5 percent level late in 2018.
  2. Cooling of property prices. The following shows the forecast for metropolitan areas: 

Source: ANZ Research

3. The Return of first home buyers

Source: ANZ Research

4. The stamp duty taxes on property transfers are seeing people upgrade or renovate their existing dwelling. The following is a graph showing the meteoric rise adjusted for inflation:

sydney-strata-management-stamp-duty-17-pm

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