Housing Market

According to research by APM, “Sydney has performed best of the capital cities in 2011 with median house prices relatively stable – not surprising considering its underlying lack of housing and associated costly rental market. Sydney provides a solid prospect for median house price growth of up to 5 percent in 2012. This growth will come mainly through the lower and middle band suburbs as buyers seek to maximise choices in a market characterised by chronic shortages of accommodation and Australia’s tightest capital city rental market.”