Confidence has returned to the property market, in a BIG way, according to new forecasts from Domain.
Domain has forecast house and unit prices to increase both in 2020 and 2021. These forecasts cover Australia as a whole and also the seven biggest capital cities (with Darwin excluded).
The bullish forecast shows that the property market has really strengthened since this time last year, when prices were falling in many places, especially Sydney, Melbourne and Perth.
For home owners who had been reluctant to list their property for sale in 2019 – now might be a great time to finally put your home up for sale.
For buyers who had been thinking about entering the market – you might want to move fast so you can get ahead of any future price rises.
Whether you want to buy an owner-occpupied or investment property, it is important you get a mortgage pre-approval before you start making offers, so you know how much you can spend!