The end of 2019 saw the fastest growth in the property market in the last decade. Having risen 4% in just three months, the positive sentiment is a sign for further growth in 2020.

Sydney and Melbourne are back on the map, as major players in the property market. Sydney suburbs are anticipated to see as much as AUD$100 000 growth in property prices. As per the house price property forecast set out by Domain Group, a multi-platform property group, Brisbane is expected to see its most significant property price growth of up to 17% between 2020 to 2021.

Brisbane is expected to have the overflow of Sydney’s prospective investors as the pricing of homes within Sydney are somewhat out of reach for many. Coupled with Brisbane’s property price-point being on target, major infrastructure upgrades within this city will draw more individuals for work.

The low interest rate has had a positive effect on the property market for locals and foreign investors alike. Westpac reportedly shared with the Property Observer; “We expect the RBA to cut rates by another 25bps at its February meeting and to turn to so-called unconventional policy measures to provide additional stimulus.”

The Australian property market continues to show the investment market just how resilient it is. With the property prices rising back to top levels, the government easing lending and the lowered interest rate; this country is a lucrative and secure offshore property destination. Invest Australia will continue to provide insight into the Australian property market, be sure to register your interest and learn about new developments launching in key cities.