Will 2016 follow last year's property market?

Will 2016 follow last year's property market?

Record-low interest rates, strong demand and record sales volumes kept the Australian property market going strong in 2015. The Sydney property market has rapidly increased in price following a significant transition from a local buyer market to an investor-dominated market.

In 2016, it is believed that off the plan and new developments will hit the Sydney market causing greater supply. Specifically, hot new developments sparking up in inner-city areas playing a big part in 2016.

Market Trends

1. Record low rates: Australia’s low interest rates had a distinct flow on effect for vendors and buyers

2. For auctions, winter months performed better than years prior

3. Two bedroom, one bathroom, one car space most popular investment-grade property type

Source: WBP Property Valuers