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Forecast for the next decade, Corelogic-Moody's 2016

Discussion in 'Where to Buy' started by Erica, 4th Mar, 2016.

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  1. Erica

    Erica Well-Known Member

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  2. HUGH72

    HUGH72 Well-Known Member

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  3. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Its just seems to be the Herron Todd White report folks in case you are on your phones.... or am I wrong?

    Edit: apologies! Its not. :)
    It was a bit slow on my phone...
     
    Last edited: 4th Mar, 2016
  4. barnes

    barnes Well-Known Member

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    This is complete madness. Ok, forget Sydney, but let's see their predictions for Adelaide. In 2025 - median - 700k. Let's say a mortgage of 650k with a rate of 7,5%, that is 50k IO. Who, on a standard wage that might be 60-65k by 2025 would be able to afford such a loan. And they say that after prices in Adelaide grew only 41% in the last decade, going higher a bit more than official stated inflation.
    That crap is not worth the money it's printed on. :(