Easy money will end and Sydney's growth will slow: ANZ's David Cannington

Easy money will end and Sydney's growth will slow: ANZ's David Cannington
Easy money will end and Sydney's growth will slow: ANZ's David Cannington

The ANZ senior property analyst David Cannington told this week's Bloomberg seminar that recent Sydney house price growth was a catch-up after several flat years, but was set to slow down.

"In 2015 the easy money will come to an end," David Cannington suggested.

"A lot of the market has become complacent and is expecting that it is here to stay.

"However, rates are not going to stay where they are for much longer and as that changes, then that will contain some of the price growth," he said.

Foreign investment - and demand - for high-density housing in Australian cities was important to jobs and development, he added, and an element in property price inflation.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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