Sydney house prices forecast to grow 7pc

Original article by Ingrid Fuary-Wagner
The Australian Financial Review – Page: 3 : 27-Jun-19

Domain Group is upbeat about the outlook for Australia’s residential property market, forecasting that prices will rebound by the end of 2019. Domain economist Trent Wiltshire says the Coalition’s federal election win, official interest rate cuts and the prospect of changes to mortgage serviceability tests bode well for housing prices. Domain forecasts that house prices in Sydney will rise two per cent in the second half of 2019 and up to five per cent in 2020, while prices in Melbourne will rise by one per cent by year’s end and 1-3 per cent in 2020.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, MOODY’S ANALYTICS AUSTRALIA PTY LTD, CORELOGIC AUSTRALIA PTY LTD

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