There are new predictions this morning, that the property market will peak in 2022, with growth slowing down sharply from the middle of next year. The SQM Research shows that:
Sydney house prices have grown by 25 per cent this year.. but are expected to rise by a top of just 4 per cent next year.
It’s a similiar story in Melbourne, where prices have risen 16 per cent in 20-21.
That market will slow to 2 per cent growth in 20-22…
Hobart is also set to record 2 per cent growth.. after a 28 per cent jump this year.
Adelaide prices are predicted to rise up to 8 per cent next year..
In Perth, it’s 7 per cent..
But Brisbane, where houses went up 22 per cent this year.. could still see prices increase up to 14 per cent over the next 12 months.
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