article_snippet: Home buyers can breathe a sign of relief as the price growth of homes that have previously seen record breaking auction reserves smashed, will slow down for 2015.
article_snippet: Although record low interest rates are showing a climb in property competition, first home buyers and those looking to upgrade will still have trouble.
article_snippet: Sydney's resilience is largely driven by Sydney property shortages,' Domain senior economist Andrew Wilson told The Australian Financial Review. '
article_snippet: The other cities are not expected to fare as well, with properties in the outer north-west of Melbourne will only be up by two percent whereas inner-Melbourne suburbs will be up by four to five percent. '
article_snippet: The Melbourne housing market weakened over 2014, dragged down by an under performing of local economy,' Mr. Wilson said.
article_snippet: Although Melbourne's property price growth has lessened, sitting on around 5 percent, areas like the Docklands is where the rise remains .
highlights_snippet: The growth of Australian housing prices is slowing down for 2015 with a national growth of only around five percent .
  
highlights_snippet: Sydney's property shortages and investor interest expected to be the reason for