Market Update – February 2015
State of the Sydney market:
In my own personal opinion, from what I’m seeing on the ground, there is still plenty of steam left in this market yet. Last year (2014) I noticed in some places, the market getting a little “toppy”. I thought that we might only see 5-8% growth in 2015, which is still not too shabby. However, the RBA interest cut in early February 2015 changed all that. I am now of the view that we may see growth of another 10-15% this year, especially of the RBA cuts rates again.
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