SQM Research reports that property prices in Sydney, Australia, are poised for big gains in 2014. The annual Housing Boom and Bust Report put prospective gains at as much as 20% for the city and up to 11% on the average for all capital cities. Experts base the prediction in part on lower interest rates, which have been higher in previous years and are believed to have contributed to a market slump. Some also feel that more government programs will be available to help first-time homebuyers wade into the market. For more on this continue reading the following article from Global Property Guide.
Sydney’s property prices are set to soar in the next year, with a boom in prices of about 15 to 20% predicted in 2014. SQM Research released their yearly Housing Boom and Bust Report anticipating an enormous rise in prices for Sydney properties in particular, while the weighted average of gain in Australia’s capital cities is in the midst of 7 to 11%. The areas of Sydney that are expected to see the highest increase in house prices are the upper north shore, northern beaches, northwest Sydney, western Sydney, the inner west and the eastern suburbs, which are predicted to see price rises greater than 15% in 2014.
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This article was republished with permission from Global Property Guide.