Darwin the only city forecast for falling real estate prices in 2020: SQM Research

Darwin the only city forecast for falling real estate prices in 2020: SQM Research
Darwin the only city forecast for falling real estate prices in 2020: SQM Research

Most of Australia’s capital cities will benefit from the interest rate cuts and loosening of credit restrictions barring Dawin, according to Christopher’s Housing Boom and Bust Report for 2020, released today by SQM Research.

In every scenario and especially Scenario 4, a doomsday scenario, Darwin is expected to see a decline in price.

Darwin is expected to see price movements of -5% to -2%.

Darwin is the only capital city expected to record price declines.

It is a result of the Darwin economy continuing to struggle and excess stock for sale weakening the local market.

In the base case forecasts, what SQM view as the most likely scenario, there are no changes in interest rates and no intervention by the Australian Prudential Regulation Authority (APRA).

Sydney and Melbourne look set for the largest recovery, with Hobart and Canberra next up, followed by Perth and Brisbane while Adelaide and Darwin look set for minimal growth, or a loss.

Read the Christopher’s Housing Boom and Bust Report here.

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Darwin Property Forecast 2020

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