Property prices to continue to rise over the next four years

Font size :
Despite fears of an apartment glut in the coming years, a new survey from The Finder showed that most property experts expect property prices to continue to rise over the next four years.

Around 35 per cent of 20 economists and experts believe that property prices would rise by 10 per cent by 2020, while 30 per cent of the respondents expects a more conservative increase of close to five per cent.

“It’s typical of the cyclical nature of the property market,” said Finder spokeswoman Bessie Hassan. “In fact, a 5 to 10 per cent increase is somewhat conservative—it’s a common belief that property value doubles every seven to 10 years.”

Hassan also pointed out that the current drop in prices could only be an indication that the market is entering a correction phase.

“While there was concern about a ‘housing bubble’ or unsustained growth for some time, we’ve now seen a correction phase where the property market has softened yet is likely to go up again in the future,” she said.

However, two experts also predicted an upcoming fall in prices, owing to the huge wave of supply coming into the market because of the construction boom, especially in Brisbane.

“Foreign investment rules can also exacerbate the amplitude of a downturn,” said Stephen Koukoulas of Marketing Economics. “Then you throw in the cyclical elements, investor lending being tightened, and the weak growth in rental yield that make investing in property harder to justify when you’re getting a dismal rent yield.”

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Sep 20, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords