ANZ senior economist say-Sydney to become best performer market. Brisbane to backwards in 2018

ANZ seems to have a different sentiment to PC.

Let's see who is. Closer at the end of '18

Hobart didn' make the cut sorry.

Brisbane -. 5% fall who would of thought

 

Maybe she has a vested interest in Sydney and doesn't own anything in Brisbane .

 

Yeah not buying it.

 

It's interesting that she is blaming supply for a drop in Brisbane without differentiating between dwelling types or locations......

 

My precise thoughts. No point clumping an entire city together. Its worthless information. She says other places will see growth. But i bet those same places will see certain areas and dwellings drop in value too.

 

Off the plan high density CBD ish studio's VS a 4 bed 2 bath brick home at an average suburb within 20k of the CBD.....

There was a guy selling a Brisbane " Studio appartment" (looked more like a motel room) on EBay a week ago..... That would be a hard sell in any market. It's still there.... Reduced - 1 Bedroom Unit for Sale in Kangaroo Point Brisbane 11% Returns Bitcoin | eBay

 

@Leo2413

Can I ask are you in
Sydney, Brisbane, Taiwan, London or somewhere else at the moment. Sorry distracted curiosity is killing me.

 

I spend the majority of time in those places every year. London to a lesser extent. I couldn't pick one

 

Yeah that unit will be there for awhile to come. Just crazy.

 

Sounds like she has never been out of Mosman.

 

Interesting. Thanks for posting.

Its macro level analysis, so you can't really blame her for subcategorising and going into the micro's. Basically the entire asset class (property) won't do well & Brissy on a median dwelling value comparison will be the worst of the bunch. She isn't exactly saying Sydney will steam along, her view is in line with the standard economist , much lower growth for Sydney going forward. The extent of the drop in growth is a bit bullish compared to most though. There are a lot of pro factors in Sydney for 18 holding up prices: employment, growth, jobs, supply constraints (relatively), population growth, etc. Property is a medium/long term game anyway, most don't buy with a 1 year timeframe.

A good quote on market level analysis that sums up Sydney - just because something is overvalued, it doesn't mean it'll correct this year.

 

There's no doubt that Sydney is doing really well in the economic front, just that for the most part, house and apartment prices has been running ahead the economics, so lots of those benefits are already factored in. The average professionals with average 6 figure salary cannot afford much more that already is with current finance restrictions and sub par salary increases.

 

Subtext - all capitals are in for a correction, with Sydney going the least backwards.

 

When you're a lender. you do see entire cities as one market.....but it's irrelevant information for property professionals, as we know, there are hundreds of sub-markets within a market.

 

Brave call or silly