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:
- Financial markets predict the Reserve Bank will lift the official cash rate off the record low 1.5 percent level late in 2018.
- 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:
