2012-12-31-莱坊-Australian_Residential_Insight_Sydney_Prestige_Mainstream_Analysis_-_July_2013_1页_141kb

Sydney Residential Market Analysis: Prestige vs. Mainstream (July 2013)

After stabilization in 2012, the Sydney residential market showed early signs of recovery in 2013. Prices at the top end (prestige market) declined 17% compared to December 2007 levels, while the mainstream market saw a 18% increase. Recovery in the first half of 2013 was supported by factors like lower interest rates, improved liquidity in debt markets, and a rebound in the share market, leading to less vendor discounting and increased buyer confidence. The prestige market remains price-sensitive for buyers, but competitive pressures are rising as demand from Asian buyers, especially Chinese, persists. Looking ahead, the market may enter a holding period due to Australian political uncertainty, but continued population growth and lower mortgage rates are expected to drive momentum, with prestige prices potentially outperforming the broader market. Annual growth is forecast at around 5% for mainstream properties through the remainder of 2013.