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Sydney out-performs in subdued property market – Fairchild

Sydney is tipped to once again outperform all housing markets in 2015 in what will be a more subdued year for property, according to most analysts. With just a week to go until the end of 2014, property prices across the five capital city markets should end the year up about 8.4 per cent, according to the CoreLogic RP Data Daily Home Value Index. The standout performer has been the country’s biggest city, Sydney, where values climbed almost 13 per cent since January 1, fuelled largely by investor activity and pent-up demand. Melbourne home values will end the year up almost 8 per cent, Brisbane (including the Gold Coast) and Adelaide up about 5 per cent. Perth is the laggard, barely touching 1.5 per cent growth over the year. Read more: http://www.smh.com.au/business/property/sydney-outperforms-in-subdued-property-market-20141229-12euyd.html#ixzz3OyAX9Dqn

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.