Value Growth Close to Unsustainable levels
In the property cycle which commenced in the month of June 2012, prices have attained really high proportions in the last 9 months or so. An article on the website Smart Property Investment talks about how Sydney has superseded its previous peak by a staggering 15.8%.
Experts however opine that such rate of growth is bound to come down- eventually settling for a more sustainable percentage. The RBA will be tempted to push up cash rates if capital gains persist in the way they are.
This said, March performances need not be given too much emphasis as the month, along with September, has historically been the best months for the real estate.
You can read the original article here.