Adelaide house price growth stable: Paul Bloxham's 2017 forecast

Adelaide house price growth stable: Paul Bloxham's 2017 forecast
Adelaide house price growth stable: Paul Bloxham's 2017 forecast

Housing price growth is expected to be contained in the Adelaide market throughout 2017 according to HSBC.

HSBC senior economist Paul Bloxham said the local housing market is dominated by detached dwellings.

"The South Australian economy is expected to continue to have only modest growth in 2017, keeping housing price growth contained," he said in his 2017 forecast.

Housing price growth of between 4 and 6 percent is expected for 2017 for both detached houses and apartments nationally supported by strong population growth.

Apartment price falls are possible in Brisbane and Melbourne in 2017 due to oversupply.

Low single-digit rates of housing price growth is predicted in 2017 for Sydney.

The end of the mining boom has driven house prices in Perth down throughout 2016, with the trend expected to continue in 2017.

Tags: 
Property market Adealide

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