Home Loan Repayment
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.

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