More predications for 2017

One for the mortgage brokers.... Where are your clients buying??? I just like to ask??


2017 predictions on how Australian house prices will perform

• Dec 27 2016 at 7:25 PM - AFI (Extract below)
  

(Edited for copyright infringement)

 

"Analysts and most investors hold the view that prices in Perth still have some way to go – down."

^^^this

 

Perth - Yes combination of oversupply, population decline and developers not responding. Builton went bust last week, some real pain for businesses/contractors

 

I'll buy Perth at the right time. I think it's getting close to bottoming out.

 

That's what some have been saying for the last 12 months, I think we are some way off only because we have not replaced mining, highest job rate in Australia and on top of this I think rents have taken a 15-20% drop due to oversupply. I will sit back and watch, once I see signs that the economy is going in the right direction and property stock is shrinking then I will look at developing again. At the moment none of my development sites make any sense.

 

I like what Alan Kohler had to say. This via Property Observer.

Alan Kohler says there is no property bubble, just real demand

Commenator Alan Kohler has written that the demand for Sydney and Melbourne property is real, not speculative.

He says it was prompted by super-low interest rates, the global trend to urbanisation, the well-heeled baby-boomers downsizing to make up for inadequate superannuation and China’s capital outflow.

...

"But regrettably it seems that the demand for Sydney and Melbourne property is real, not speculative, prompted by super-low interest rates, the global trend to urbanisation, well-heeled baby-boomers downsizing to make up for inadequate superannuation and China’s capital outflow."
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Is Barnaby selling investment properties in Tamworth? Or are his comments just genuine?

And would there be room for Pistol and Boo?