17 Apr 2015 / by admincom / in Property Options
Sydney continues to soar
20 per cent rise predicted
The headlines are screaming Sydney at the moment…the news of the ongoing upward spiral of property prices continues to astonish everyone. Here’s just a snapshot:
‘Sydney house prices to jump 20 per cent in next two years’
Australian Financial Review – 17 March 2015
‘House prices keep rising led by Sydney surge’
ABC News – 1 April 2015
‘Sydney to streak ahead in house price forecasts’
The Australian – 17 March 2015
‘Sydney house price growth highest in six years’
Domain.com.au – 1 April 2015
The forecast for Sydney is brighter than ever with respected economic researchers BIS Schrapnel predicting Sydney house prices will rise 20 per cent over the next two years, pushing the median house price well above $1 million.
According to their latest findings, BIS Schrapnel is predicting a 17 per cent rise in Sydney house prices in the current financial year followed by rises of 13 per cent and seven per cent over the next 24 months…absolutely incredible. Read more here.
These predictions sound entirely logical, with the latest figures from CoreLogic RP Data showing Sydney house prices are already up 14 per cent for the 12 months to March 2015.
The bottom line? You just have to be in this market…you’re leaving money on the table if you haven’t already snapped up Sydney property.