Continuing on from the past three month’s five percent recovery in prices, the news is predicted to improve even further for homeowners and property investors in Sydney over the next six months, according to a leading property analyst.
This is welcome news for owners and investors eager to recover the lost ground from 2017 to earlier this year where prices fell 14.9 percent. So far prices have recovered almost five percent to be down in Sydney 10.4 percent, which still means there are great buying opportunities out there for property investors.
CoreLogic’s Head Of Research Tim Lawless is predicting the Sydney property market will recover fully and could begin setting new record prices by as early as April 2020.
“Sydney’s housing market is on track to post a recovery within six months,” Mr Lawless commented in a new report. “Housing values are trending higher rapidly, up five per cent over the past three months.”
The price recovery news is similar across Australia for property investors based on CoreLogic’s Home Value Index, which is currently down 5.7 percent, but is also predicted to recover all of the price fall in the next six months. Leading the recovery trend are the property markets in Hobart and Canberra which have already recovered their minor price losses to be recording record prices once again.
What Does This Mean For Property Investors?
Based on the current price recovery predations, the time is right now to be looking at your first or next property investment opportunity and if you need some help along any stage of the property investing journey, be sure to give the team at Plan Assist a call for expert help and advice on all things to do with successful property investing.
