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50% fall in Australia house prices

15 December 2015 by News Desk

property_forsale2House price inflation in Australia is set to fall by at least 50% in 2016.

The cost of residential property has risen by up to 10% in some cities in the past 12 months, but this is all set to change in 2016 with house price inflation slowing to between 2% and 5%. House prices across Australia are forecast to increase in 2016 across all capital cities but they will do so at much lower rates than has recently been seen.

Darrell Todd of thinkingaustralia says: “This latest forecast is good news for anyone seeking to buy a house, unit or apartment in Australia. The rise in property prices in the coming year will be slowed by a wave of new housing stock coming onto the market that will create a ‘buyers market’ and force down prices.”

Recent trends in housing, especially in the major cities, will continue for years to come as Australia remains an attractive place for property investors due to relatively high yields available and attractive tax advantages, especially for small-scale investors, according to the latest housing report from Domain.

House Price Growth 2016

Melbourne 5%
Sydney 4%
Brisbane 4%
Adelaide 4%
Canberra 4%
Hobart 4%
Darwin 3%
Perth 2%



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