If you’re wondering whether to sell your Sydney property, check out the trends over the next 10 years. In 2016, Sydney prices began to drop. In fact, a new report shows that prices are now expected to fall a further 4.5% over the next decade. This is according to Domain reports, which estimates that in 2026, the average price of a Sydney home will fall by 5.9% from its 2016 level.
The same trend is expected to affect Melbourne homes. It has already started. The average selling price is currently down by 3.7%, and it is expected to decline by real estate sydney another 1.8% in 2026. If you are planning to buy a home in the Sydney, you should start now. If you don’t buy now, you might not be able to find the kind of property you want when you are ready to make an offer.
Sydney’s property market is expected to decline again over the coming years.
Most of the damage was done by the end of spring selling season.
People will be less interested in buying Sydney property over the next few years.
If you are thinking of buying property, you should start looking for a place to put down roots now.
It’s going to get harder to buy a property in the Sydney.