Affordable suburbs may offer respite during Sydney property market decline
While economists have forecast further property price falls, some agents are predicting the market will rebound in the lower price points.
Sydney's sub-median priced suburbs are tipped to weather the property price storm better than the eastern suburbs. (Image source: Shutterstock.com)
Spring will provide a small amount of respite for the Sydney housing market but housing values will continue to fall through to next year, property experts have warned.
Housing Industry of Australia Economist Tom Devitt warned cash rate hikes - the latest of which was 0.5 per cent - had slowed building activity.
“The rise in the cash rate is compounding the impact of the rapid increase in the cost of building a new home that occurred due to the…
