The Evolution of the Australian Property Market in 2016

The evolution of the Australian property market in 2016 through 2017
 

2016 was a great year for the Australian property market. Perth and Sydney both had major boosts in 2016 and the experts predict that it will continue to rise throughout most of 2017 to the start of 2018.
 

Sydney property market of 2016 and through 2017

Throughout 2016, the property market was predicted to slow down and have a down fall but the opposite happened. Property prices surged throughout most of 2016 and are expected to peak through out the end of 2017 where we expect to see them hit their max and fall down slightly.

The overall Sydney market had an increase of roughly 12% over 2016. The housing prices are continuing to grow regardless of what the experts are predicting.

Note: The property growth is strictly houses and not apartments. Sydney is the only location where the apartment prices also had a massive sky-rocket.

When you're considering investing in the Sydney market, you need to contact a property valuer to determine the property price of the property. Even if you're the one selling the home, it's a very important part to understand the value of your property with the increases and decreases to the market.

As the market is expected to hit it's peak and start to decrease, many properties are going to be bought and sold in 2017!
 

Perth Property Market in 2016 and through 2017

The Perth property market is known to be one of the safer property markets to invest into because of how steady and stable it seems to be. Many investors like to have the less risky investment opportunities and Perth is one of the more noticeable ones.

Throughout the year of 2016, Perth was very steady at around no increase in the property market.

Throughout the steady years, it's still very important to understand the value of your property by contacting a property valuer.


Overall, the Australian property market has investment opportunities for all kinds of people and it's been a huge attraction throughout 2016 and is expected to continue throughout 2017.