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Is Sydney property close to its peak?

12/8/2015

1 Comment

 
McGrath Real Estate chief executive John McGrath has declared the Sydney property market "close to peak", according to an article in the Australian Financial Review.


McGrath's Monday report for its Sydney weekend clearance rate was 80 per cent, and while this was a "stronger property market" indicator, McGrath said the Sydney and Melbourne markets were 80 to 90 per cent through their cycle.

"I'd be concerned if Sydney sees another double-digit growth. I'm predicting three to five per cent more and then I think it's going to be plateauing. Melbourne is probably about the same," he said at the Aussie Home Loans conference in Melbourne on Monday.


What are you finding as a seller or buyer in August 2015?
1 Comment
Miles link
12/1/2021 10:36:34 am

Thank you for shariing

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    Steve McClure is a Finance Select Director with more than 30 years finance experience and over 22 of those as a broker

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