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Australian real estate predictions | Will property prices boom or bust? | 7NEWS

May 2, 2022

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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Originally published at https://www.youtube.com/watch?v=ywvcHRWx8To

This news story originally appeared at Real Estate - Trend Magazine on 2 May 2022