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Is the Sydney housing market likely to plateau or decline in value?
Responses
Hi Stewart. I am not authorised to give that type of advice, I'm afraid. What I can point you to is the historical evidence of Sydney house prices over the past twenty plus years.
In areas like the inner west, eastern suburbs and north shore there has been constant growth. Other areas have had some fluctuations.
Occasionally I have had people say they were going to wait for prices to drop before buying and since I have been in this industry it has only meant that those people have paid more for a property than they could have.
I hope this helps.
Hi Stewart
I am not a real estate agent however in my opinion the market is more than likely going through a correction. The last 6 or so months were a sellers market in Sydney where demand was high and supply was low. We are now seeing the reverse happening.
In some respects; those who bought property last year MAY experience a price reduction and this is probably because they may have paid too much for their property.
Gday mate.
The housing market has already begun correcting itself.
Though I have found there are still several pockets where demand is still high.
