Will Sydney or Melbourne property recover better?

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Via Domain:

The residential property market will start to recover from a two-year downturn in the second half of this year with house prices in Sydney to grow 2 per cent by Christmas followed by up to 5 per cent growth in 2020.

According to Domain Group’s latest property price forecast, the only other capital city to see stronger price growth over the next 18 months is Canberra, where prices are expected to grow 2 per cent in the next six months, followed by another 4 to 6 per cent across 2020.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.