House prices in cheaper suburbs are tipped to keep rising next year – even as the broader Australian property market slows

June 30, 2022|

House prices in cheaper suburbs are tipped to keep rising next year – even as the broader Australian property market slows.

As banks raise their fixed mortgage rates, Westpac is expecting an Australian property slowdown over the next two years.

While prices are set to grow by 22 per cent this year that will slow to 8 per cent in 2022 before falls of 5 per cent are predicted in 2023. 

However, discount lender Well Home Loans said outer suburbs and satellite cities should continue to experience growth. 

That’s because sale times in these postcodes are decreasing as supply tightens. 

Most homes on their top 20 list are affordable for cialis online india average-income earners who don’t have a six-figure salary, which means they can service the loan without struggling to pay their other bills. 

House prices in cheaper suburbs are tipped to keep going up in 2022 even as the broader Australian property market slows. Davoren Park, in Adelaide's north has a median house price of $284,500 which is less than half South Australia's median house price of $591,558. Houses in this suburb are selling in 40 days

House prices in cheaper suburbs are tipped to keep going up in 2022 even as the broader Australian property market slows. Davoren Park, in Adelaide’s north has a median house price of $284,500 which is less than half South Australia’s median house price of $591,558.

Houses in this suburb are selling in 40 days

Ipswich, south-west of Brisbane, topped the Well Home Loans Green Shoots Report list.

Categories: a

Leave a Reply

Your email address will not be published.

Rating*

Support