CoreLogic Reports Sydney Property Prices Are Expected To Rise By 2% By Years End.

New data from CoreLogic released this month strongly points to the end of the housing downturn, with five out of eight cities in Australia posting improved results on last month’s report.

Sydney, in particular, is expected to see the biggest rise with the value of property prices expected to rise by 2% by the end of the year, with further price escalations expected in 2020.

This was the second consecutive monthly lift for Sydney’s property market, which, despite the recent downturn, still have house values close to 50 per cent higher than at the start of the decade.

CoreLogic’s head of research, Tim Lawless, said it appeared the broader property market had stopped falling.

“The July home value index results provide further confirmation that the housing market has reacted positively to the recent stimulus of lower mortgage rates and improved credit availability” he said.

Overall, recent reports and results have confirmed that there has been a rise in the demand for real estate in Sydney, especially with first home buyer’s, whose interest started to peak when 25 per cent of home loans got approved in New South Wales in March. Jobs creation, strong economic growth, and population growth in Sydney have also contributed to this result.

The latest trends and forecasts are indicating that this is the best time to purchase real estate in the biggest capital city market of Sydney.

Menangle Park has a wealth of options for all home buyer categories. If you would like to find out more about why you get “More” at Menangle Park, then contact our friendly customer service team at sales@menanglepark.com.au or drop by our sales centre at Macarthur Square (opposite Coles) for information on land and packages available.