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

 
Fri 7 Feb '25 with Rich Harvey How to Retire on $250k p.a.
 
 
Fri 24 Jan '25 with Rich Harvey Brisbane Property Market – Trends and Predictions for 2025
 
 
Fri 10 Jan '25 with Rich Harvey Melbourne Property Market Outlook 2025
 
 
Fri 27 Dec '24 with Rich Harvey How to Finance your Future with Property
 
 
Fri 13 Dec '24 with Rich Harvey Property Market Outlook 2025
 
 
Fri 29 Nov '24 with Rich Harvey How to Make Better Financial Decisions
 

 

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Propertybuyer Blog
Property advice, market updates & more

 

Sydney sees further price growth in November, but at slower pace

December 4, 2013 / Written by Thirst Creative

 

Figures from RP Data and Rismark seem to indicate that price gains in capital cities across Australia are starting to slow.

‘‘It looks like we may have hit peak growth," said Cameron Kusher, research analyst for RP Data.

"If you look at the last two growth cycles in 2007 and 2009, they peaked around 18 or 19 months in. We’re now at 19 months in this latest phase and growth is starting to flatten."

Mr Kusher went on to say that while low interest rates will continue to spur on demand, it is unlikely to reach the same levels as the last few months.

However, it's important to keep in mind that the activity of the past few months has pushed home values to new highs, particularly in Sydney and surrounding suburbs.

From Newport in the north to Rose Bay in the east, investors who decided to buy investment property in Sydney have seen huge returns due to price growth.

And according to some industry observers, prices may have not even reached their peak.

SQM Research's Louis Christopher told The Sydney Morning Herald that it's too soon to make any calls regarding price peaks, pointing out that seasonality and a pocket of excess stock could have more to do with reduced price growth.

Slower growth not necessarily a bad thing

While high price growth is typically a good thing for investors, it runs the risk of forcing regular home buyers out of the market.

This can hamper demand and lead to a prolonged decline in values.

Meanwhile, slower growth is more sustainable, and could be good news for investors in the long run.

Additionally, prospective buyers may find it easier to obtain finance for a property in the Sydney area.

However, demand remains high, which makes using a qualified buyers agent in Sydney a good idea for those looking to take advantage of current market conditions.

The Propertybuyer
Podcast

 
Fri 7 Feb '25
with Rich Harvey
How to Retire on $250k p.a.
 
 
Fri 24 Jan '25
with Rich Harvey
Brisbane Property Market – Trends and Predictions for 2025
 
 
Fri 10 Jan '25
with Rich Harvey
Melbourne Property Market Outlook 2025
 
 
Fri 27 Dec '24
with Rich Harvey
How to Finance your Future with Property
 
 
Fri 13 Dec '24
with Rich Harvey
Property Market Outlook 2025
 
 
Fri 29 Nov '24
with Rich Harvey
How to Make Better Financial Decisions
 

 

Listen to many more
podcasts on our
Podcasts page.