property real estate billy dounis

Bubble Unlikely to Burst

Sydney’s population continues to increase and land availability continues to be scarce, couple this with record low interest rates for the foreseeable future and the property bubble – as some are calling it – is unlikely to burst.

A recent forecast by the NSW government expects Sydney’s population to increase 31% by 2031.

The city also faces geographic restraints by the sea, the harbour and the mountains, the scarcity of land is and will continue to be a major driver of property values in the years to come.

The sharp rise of Parramatta as a second CBD is heavily influencing the western suburbs as business and government continue to move in the region.

Although property values may ease from the highs seen in 2013/14 the Sydney property market is unlikely to face a downturn while current factors remain.

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