Market shifting to favour buyers

  • AFTER a hot and heavy 2015, the Australian property market has settled into more sustainable levels of growth, opening the door for buyer’s market conditions to emerge.

The average median capital city house price rose 3.8 per cent in the first six months of this year, according to the latest PRDnationwide 2016 Australian Economic and Property Report (6.6 per cent in past 12 months).

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Buyers

Sydney’s rampaging price drive went down a gear though it was still the strongest national six-month performer.

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