It is the only property market in Australia where this will happen although all other state markets will slow down until 2009 at the earliest. In 2004 Sydney house prices peaked, reaching a record high of $552,000, but since then prices have embarked on a downward spiral, largely a function of worsening affordability. House prices in Sydney had appreciated too rapidly, said Suzanna Asciak, managing director of non-bank lender ASMM, adding that she expected them to "stabilise for a while. This will have a big impact on brokers in Sydney. Some may move to Melbourne and Brisbane to generate more business," she said.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan