The Australian Housing Market Year in Review report by the Domain Group forecasts flat activity in the housing sector for 2015, citing existing market trends showing a strong growth in 2013 and easing in 2014.
Recent job data shows unemployment rising to an uninspiring 6.3%, prompting major market players to call for interest rate cuts to improve economic conditions. Despite these, the housing market is still expected to consistently perform to meet undersupply issues. Sydney is still expected to lead capital cities in 2015.
Read more about this on the Your Investment Property website.