Apartment Prices Forecasted To Drop In 2019
According to the latest RBA cash rate survey, economists expect value of apartments to fall nationally.
The Sydney and Melbourne markets are likely to experience the greatest drops in up to 8.4 per cent, but the Brisbane market is also forecasted to dip to 4.42 per cent.
This forecast brings Brisbane median unit prices down by $18,000 by the end of 2019.
Those on the outskirt suburbs of the CBD are likely to be more affected by the drop since demand is generally not as strong in those areas.
The price of houses are also expected to fall over the next year. However, due to the number of new apartment projects in capital cities, those currently in the market for an apartment face a much greater risk of losing equity compared to those buying a house.
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