Business
Sydney prices set to bounce back – The Australian Financial Review
House prices are now expected to bounce back sharply by mid-next year and Sydney prices are set to slide by 7 per cent instead of the 10 per cent expected in April, as low rates lure buyers back.
“We thought there would be a quicker and bigger price drop than what’s been playing out,” Mr Aird said.
“But we also thought that the economy would be open by later this year, and therefore we start to see a turnaround process. But now Melbourne is in longer lockdown, and yet prices haven’t fallen by as much as we thought either.
“So we think there’ll be enough negative momentum in the market to carry us through into the early part of next year, largely because of Melbourne. So we pushed out o…
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