Residential property in Sydney is showing signs of Growth

A survey conducted by Ashe Morgan Winthrop Property Investments has reported that 73% of property professionals expect the residential market to experience growth over the next six months, the highest number reported since the survey commenced 11 years ago.

This confidence comes in the face of the expected future interest rate rises.  Property professionals have factored these in.

The results of the survey was as follows:

• 55% of respondents now prefer investing in residentail property over other types of property
• 71% expect another interest rate rise in the next 6 months
• 64% intend to buy a property in NSW in the next 6 months
• 63% believe the Sydney property market will improve over the next 6 months.

The Sydney property market has turned the corner, with strong growth expected due to increased demand.