Sydney Market Peaks: Value Growth Slumps In November
Prolifically growing property markets of Sydney and Melbourne have steadied in the month of November. Experts think it is nothing unusual and these high-performing capital cities may just have peaked. An article on the website Real Estate Business observes the trend.
Compared to the annual value growth rate of 12.5%, Sydney has recorded 0.9% growth in November. This however does not imply that the “cynosure” city will not witness further growth. It is just that we may not find those really big numbers for Sydney for some time, now that it has apparently peaked.
You can read the original article here.