Property prices in australia

Posted by Simon Dehne on February 8, 2016 in Latest News with No Comments

house_saleA slowdown in property prices in Australia is unhelpful for investors but good news for migrants.

For those seeking to live and work in Australia rising property prices have been unwelcome but the market is changing fast and the slowdown means affordable housing will become more widely available in 2016, industry analysts say.

Only 15 out of 625 suburbs across Australia are forecast to see double digit growth this year, according to a new report from Australian Property Monitors, the biggest price increase being in the New South Wales beach side town of Byron Bay. Only three suburbs are forecast to see double digit growth for both units and houses: Balwyn, Box Hill North and Toorak.

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