property prices

Property Prices Predicted to Go Up 10 Per Cent in 2020

Facebook Twitter LinkedIn Mail Us

The Australian (newspaper) on the weekend predicted a 10% growth in the property market in 2020.

Whether that will happen or not is yet to be seen. But what is true is that there is not just one property market, as being suggested in the report, but there are several markets within the major cities.

They all go up and down in different cycles.

How Property Prices Go Up and Down

It starts at the more desirable suburbs such as the eastern suburbs and as it gets too expensive, people “ripple” out to the cheaper suburbs dragging the prices up.

People also upgrade to better suburbs as they get wealthier.

Since there is finite stock in those “more desirable” suburbs and more and more people want to live there, it pushes the prices up.

Should You Buy Property in 2020?

We will continue to see prices go up and different suburbs will continue to accommodate the needs of those in different income and wealth brackets.
Waiting for the prices to come down is a Hope Strategy and that won’t get you anywhere.

It will only adjust by 10% to 15% for a short time and then start to increase again, forcing the less well-off to the outer suburbs.

It’s best to buy as soon as you can afford to and ride the ups and downs as the market adjusts to the different forces in play to do with supply and demand but the trend line will always be up over the long term.

Related:  Market to Stabilise 20 Per Cent Below Peak



Need a property tax accountant for property investment strategies and tax planningContact a Chan & Naylor accounting specialist here

Aside from property tax assistance, have a look at our other accounting and advisory services designed to help you achieve greater financial success.

If you like this post, “Property Prices Predicted to Go Up 10 Per Cent in 2020,” subscribe to our newsletter and stay in touch with us by liking our main Chan & Naylor Facebook page, as well as our LinkedinInstagram, and Twitter pages.

The Chan & Naylor Group has national offices in South West SydneySydneyPymble and Parramatta in New South Wales, Wheelers Hill, MelbourneMoonee Ponds and Hawthorn in Victoria, Brisbane and Capalaba in Queensland, and East Perth in Western Australia that can assist you with your accounting needsContact us here today.



The material on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this website is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this website are provided for illustrative purposes only.

Although every effort has been made to verify the accuracy of the information contained on this website, lnfocus, its officers, representatives, employees and agents disclaim all liability [except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.

Leave a Reply

Your email address will not be published. Required fields are marked *

Join our mailing list today!

Keep up to date with our latest news & updates!