Australian Real Estate Market Predictions 2020

Louis Christopher from SQM Research shared these in-depth Australian Real Estate Market Predictions for 2020 when he caught up with Real Estate Coach, Tom Panos yesterday.

It's very interesting looking at the stats and forecasts, especially the different scenarios outlined within the Boom & Bust Report. With prediction that the interest rates are expected to remain on hold (not get cut by the RBA as many other analysts are forecasting) and with APRA anticipated to stay on the sidelines a 'V-shaped recovery' and a 'Great Sellers Market' is predicted this year in the Sydney market.

In the acreage market, the ‘V-shaped recovery’ will take a bit longer to come into effect and it will be more like a ‘U-shaped recovery’ due to the large volume of available stock on the market at present, with a lot more predicted to hit the market in the coming weeks and months.

For example, there are currently 360 acreage properties for sale across all suburbs within the Hawkesbury, Hills and North-West Sydney region that I outline within The Acreage Report and in this past week there have been 3 acreages Sold, 13 are Under Offer and there were 11 New Listings, which shows that the number of sales will need to increase significantly to reduce the amount of available supply before we’ll start to see prices increasing as much as they have been in the Sydney housing market.

The marketing approach adopted by your acreage agent is going to be vitally important throughout this selling period.

If you’re thinking of making a move, then 2020 looks like being a good time to sell before APRA look like stepping-in to slow the market down again in 2021.

I hope you find this information helpful.

Regards

Greg Vincent