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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
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Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

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Property directions and trends for 2014

December 11, 2013 / Written by Rich Harvey

 

While 2013 has been a very successful year for Australian property investment, buyers still on the sidelines are likely wondering what the coming year has in store.

Various reports released in recent months can help shed some light on how the market will perform during 2014, particularly in the Sydney area.

According to SQM Research, the country's housing market recovery will be led by Sydney in 2014. Prices in the region are expected to rise between 15 and 20 per cent.

"The housing recovery that commenced in the third quarter of 2012 for most capital cities is now about to enter into a more accelerated phase from what has generally been modest price rises to date," said Louis Christopher, managing director at SQM Research, in a September media release.

"However, the results will be quite varying from city to city."

While Mr Christopher forecasted price declines in areas like Canberra, and modest increases in cities like Melbourne, he described Sydney as "a beast unto itself".

This is good news for those wondering whether to buy investment property in Sydney.

However, SQM Research was contradicted by a more recent report from Australian Property Monitors (APM).

First, APM made it clear that Sydney was the winner when it came to house value increases during 2013, reporting that the median house price increased more than 10 per cent throughout the year, reaching a record-high level of over $700,000.

However, citing a "weakening economy," APM also predicted that price growth will moderate during 2014.

While house prices are expected to increase in the coming year, APM predicts growth of between 5 and 7 per cent, far short of SQM Research's forecast.

Falling yields, rising vacancy rates and subdued rental growth were all cited as issues that will discourage property investors in the region. At the same time, the number of first home buyers was predicted to pick up gradually.

Meanwhile, the prestige market is forecast to remain relatively flat.

However, slower growth isn't necessarily a bad thing, especially concerning luxury homes in Sydney, as it can make obtaining such a property more affordable for home buyers.

The Propertybuyer
Podcast

 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.