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Predictions, predictions

Discussion in 'Where to Buy' started by JDP1, 13th Jul, 2015.

  1. JDP1

    JDP1 Well-Known Member

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  2. WinDyz.

    WinDyz. Well-Known Member

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    Under supply and low interest rate will keep the growth strong in Sydney.
     
  3. HUGH72

    HUGH72 Well-Known Member

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  4. bobbyj

    bobbyj Well-Known Member

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    I agree that at some stage Sydney will plateau and go sideways until the supply demand tips in our favour again.
    It will go backwards in real terms due to inflation.
     
  5. Natedog

    Natedog Well-Known Member

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    The article contradicts itself.

    It talks about how the data they have used for thier model is only for detached houses, but then says the falls could be due to an oversupply of apartments in Melbourne?

    Academic modelling of an asset class which is affected by SOOOOOO many different factors in the real world.....

    Steve Keen 2.0
     
  6. bobbyj

    bobbyj Well-Known Member

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    I find that Brisbane dropping 8% over the next year is a bit rich
     
  7. Fargo

    Fargo Well-Known Member

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    How did that simpleton become a Dr ? Even if you did sell your house you would be able to buy something else cheaper, pay less commission, stamp duty and insurance etc. Falling house prices will also means interest rates will stay lower for longer. How is that costly?
     
  8. bbmick

    bbmick Well-Known Member

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    A new prediction in todays news =>

    Melbourne house prices set to compete with Sydney


    The Prediction
    "With Sydney's property growth moderating, Melbourne's market could match or even overtake Sydney in the coming year, Propell said."

    I'll have a few bob each way :confused:
     
  9. MTR

    MTR Well-Known Member Premium Member

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    But Syd is close to $1m, Melb 700k, that's a huge gap.

    Also does anyone know whether Melbs median house price has ever surpassed Syds median? I don't believe so?..

    What is one huge one underpinning Melbs growth is highest rate of POp growth/immigration in Oz which I believe why Melb will still continue to rise. Keep going you beautiful thing

    MTR
     
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  10. Befuddled

    Befuddled Well-Known Member

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    http://www.propertyobserver.com.au/...-lies-damned-lies-and-housing-statistics.html

    While Melbourne's population is expected to surpass Sydney in the long term (i think ABS projected it at around 2040), Sydney property prices are underpinned by a geographical shortage due to where the CBD is located. Personally don't think Melbourne's house prices will overtake Sydney in the medium term. Eventually maybe in 30-40 odd years.
     
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  11. Tekoz

    Tekoz Well-Known Member

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    @MTR Yes, if you compare Toorak, VIC against Mt. Druitt, NSW :rolleyes:...

    but yes, anyhow... Burwood in VIC and NSW both seems to be a profitable suburbs.