Australian property market to rise to record highs this year

John is correct around his assessment on Syd market for 2% rise for apr and my calcs were incorrect! If Syd is 2% then other capitals inc Mel are trailing at half the rate (1%) for this month.

Thanks @Realist for highlighting the correction.

 

In terms of percentage that may be lower growth but in real terms there isn't much difference because price has grown a lot already.

 

Ho-lee- ****.

2/1/0. 86sqm unrenovated.

https://m.realestate.com.au/sold/property-apartment-nsw-north+bondi-135635062


@jaybean

 

I'm surprised not to hear more talk here about the election.
Apart from APRA the only other threat to a megaboom right now is a ALP win, as far as i can see

 

I'd be surprised if the ALP win. Not saying the libs didn't make many boo boos. They have.

But I'm expecting a libs win. Again.

 

Latest research from Chris Joye's Coolabah Capital

According to their models:

• House prices are forecast to increase by 8% over 2021 (range: 1 to 15%), by a cumulative 17% through to end-2022 (range: 9 to 26%) and by a total of 25% through to end-2023 (range: 14 to 36%).
• Rents are forecast to fall by 1% over 2021 (range: -2% to zero), by a total of 2% by through to end2022 (range: -5% to 1%) and by the same total of 2% through to end-2023 (range: -7 to 2%).

 

I think we will see a change in 2022, something has to give, either APRA or start of interest rate rises????

The case for falling house prices next year

 

Why does something have to give? Bond yields have only fallen since that article was written, and APRA need to walk a very fine line not to torpedo an owner occupier led recovery.

Kudos to the quoted economist for going against the grain though, always good to consider the contrarian position.

 

Wow pretty big clearance considering Anzac weekend, looks like there's still plenty of steam left in it yet

 

https://www.instagram.com/tv/COO8u8vjHJZ/?igshid=1exxf0j4n5by0

 

Housing boom propels market beyond $8trn
Australian housing boom propels markets beyond $8trn

Residential is now bigger than commercial and share markets combined.

 

I still find myself having a chuckle when I think of all those folks, many 'experts' predicting a 30-60% nationwide crash. Been hearing versions of that for almost 20 years now.

It's beyond hilarious.

 

After seeing QE from US due to sub-prime mortgage defaults I know that won’t happen.

Nobody can stand depression, we rather have hyperinflation

 

I've enjoyed his commentary for a long time now and agree with much of his analysis.

 

Big wobble in the US markets today based on inflation data and interest rate worries.

 

He seems to be accurate and if the market is going down he generally says and same on the upside.

 

If Sydney prop increases by an insane amount, say over 30% this year, would apra or RBA slow it down? It can't be good for it to be inflating that much so quickly.

 

I'd say no because it's benefiting the government a lot. RBA was pretty clear they don't care and their priority is the rest of the economy. They want "full" employment and inflation targets, all that while keeping wage growth low