news

Property 'price crash' coming

By Staff Reporter

Property prices in Australia are going to crash within a decade, according to one third of real estate agents, with some predicting it could come in as little as three years. 

A nationwide poll of 228 agents by real estate ranking platform OpenAgent found that 53 per cent of respondents don’t expect a property crash in the foreseeable future.

However, 17 per cent said a crash could occur within the next three years, while another 18 per cent said a crash could occur in the next five to 10 years.

According to the survey, 60 per cent of agents think that home ownership is increasingly slipping out of reach for Australians.

The survey found that 74 per cent expect prices in their local market to increase in 2015.

Another 21 per cent said their local prices would remain steady, while four per cent expect prices to fall.

Foreign investment in residential real estate is likely to drive up prices for Australians, 40 per cent of respondents said.

The survey also found that 47 per cent want foreign investment to be more heavily regulated.

Property 'price crash' coming
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%