In spite of all the stresses and pressures in the market, Mr Bloxham said Sydney housing prices were tipped to grow by 2 to 4 per cent during 2018, while growth was expected to be between 7 and 9 per cent in Melbourne.
The softening of market value growth around the country will offer some relief to buyers who have been struggling with ever-increasing house prices in most major cities. But the good news for sellers is that there’s no need to panic. CoreLogic's Hedonic Home Value Index showed that in November there was an average of just 0.1 per cent fall in capital city dwelling values but this was offset by a 0.2 per cent rise in regional values.
By its very nature, the housing market will always have ups and downs. Property identity Mark Bouris reminds us that property value is influenced by market sentiment, interest rates and economic data. While you can’t control these factors, you can control your investment timeline. He suggests viewing property investment in 10-year windows and trying to buy well.
