House prices in Australia’s biggest cities are set to surge by more than $100,000 in 2020 – locking even more young people out of the property market. After a record plunge, Sydney and Melbourne real estate values are expected to rebound by double-digit figures next year. Should the forecasts come true, prices would surpass the peaks reached in 2017 before a crackdown on investor loans caused values to tumble – sparking an even bigger downturn than the 1980s. House prices in Australia’s biggest cities are set to surge in 2020 – locking even more young people out of the property market. Real estate data group CoreLogic is expecting Melbourne’s median house price to surge by 14 per cent next year (pictured is a house at Balwyn in the city’s east) How much will house prices rise in your city? SYDNEY: 12 per centMELBOURNE: 14 per centBRISBANE: 10 per centPERTH: 6 per centADELAIDE: 5 per centCANBERRA: 10 per centHOBART: 6 per centDARWIN: Flat Source: CoreLogic predictions for 2020 provided to The Australian Financial Review. Forecasts are based on median house prices Real estate data group CoreLogic is expecting Sydney’s property prices to surge by 12 per cent in 2020. This would see… Read full this story
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Your house will be worth $108,000 more in 2020: Prices set to surge by up 14% in the big cities next year - and it's bad news for young Australians have 282 words, post on www.dailymail.co.uk at December 26, 2019. This is cached page on xBlogs. If you want remove this page, please contact us.