Overseas buyers attracted

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In light of Brexit and Hong Kong’s political crisis and a weak Australian dollar, a proportion of anti-Brexiteers and Hong Kong residents will look to the Australian property market as a safe haven. Topic – 2020 property forecast Mentor – Doug Driscoll

More owners re-mortgage

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Many mortgagees will take advantage of the low interest rate environment in 2020. With the lending environment becoming more competitive, and borrowers more open to smaller lenders, we’ll also see more mortgagees shopping around and switching lenders to secure a better rate. Topic – 2020 property forecast Mentor – Doug Driscoll

Buyers demand quality

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Last year’s Opal Tower crisis and this year’s Mascot Towers event has heightened the spotlight on build quality. This will continue in 2020. Topic – 2020 property forecast Mentor – Doug Driscoll

Average DOM to fall

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The imbalance between supply (low) and demand (high) will lead to shorter property marketing campaigns in 2020. Topic – 2020 property forecast Mentor – Doug Driscoll

Owners sit on their hands

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Listings will continue to be at relatively low levels as a significant proportion of property owners will wait and ‘time the market’ until they are certain prices have peaked again. Topic – 2020 property forecast Mentor – Doug Driscoll