Top property predictions for 2020
The CEO of Starr Partners has highlighted the top 12 trends he expects to play out in property for the 2020 calendar year.
According to Doug Driscoll, 2020 will see several political and economic factors that will continue to impact Sydney’s property market.
The first, he said, will see “property owners continue to sit on their hands”.
“Listings will continue to be at relatively low levels as a significant proportion of property owners will wait and ‘time the market’ until they are certain prices have peaked again,” Mr Driscoll said.
“For this reason, Sydney property buyers might be rewarded with more stock at the end of 2020. Once this happens, prices will creep closer to their early 2017 levels – though won’t quite reach them.”
Secondly, Mr Driscoll expects there to be a “stampede” of first home buyers in January.
“The landscape in 2020 is set to change again for first home buyers: further financial stimulus will be introduced to assist them, with the Morrison government’s First Home Loan Deposit Scheme commencing on 1 January,” Mr Driscoll said.
Read more: https://www.nestegg.com.au/invest-money/property/top-property-predictions-for-2020
