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Will property prices fall any time soon?

By James Brown

If you're in the market to invest in rental property in Morayfield, then now could be a good time to strike, especially as prices seem unlikely to fall any time soon.

Property investor and director of Metropole Property Strategists Michael Yardney explained that there are various forces operating on the national market, which make price rises inevitable at least in the near future.

People want to live close to the CBD, Mr Yardney noted, which means that they will pay a premium to be in inner-city properties, he told Smart Company.

There's also the added fact that Australia has a property shortage, so the homes that are available will come at a higher price than those countries suffering from an over-supply.

Mr Yardney revealed that investors are finding themselves up against other buyers when trying to secure established properties, as they are in particularly strong demand at the moment.

Price increases were recently highlighted in the January CoreLogic RP Data Home Value Index, which showed that this is a trend witnessed in many of the nation's capitals.

Unlike cities such as Sydney, Brisbane has witnessed steady price increases, with values rising 9 per cent between the beginning of 2009 and the start of 2015.

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