Home buyers must be prepared for for the unexpected, as residential prices across the country look to continue to shift until 2019.
Property data firm CoreLogic, in its Moody’s Analytics Australian Home Value Index Forecast, stated that prices in Sydney, as well as in some parts of Melbourne will decline. On the other hand, prices in the remaining parts of Australia, including Adelaide, Brisbane, Canberra, and Hobart will see their prices continue to increase, although the pace may be slower than expected.
Finally, some markets in Perth can expect price recovery, but the rest will continue to have mixed values through the remainder of the decade.
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