Predictions, predictions

Anyone think these guys are right- falls in Melbourne and brisbane, steady/up in syd.

http://m.brisbanetimes.com.au/busin...dneys-climb-then-plateau-20150712-giaesx.html

 

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

 

Left leaning socalist media, short term wishful thinking. At some point in any cycle falls are possible but BN has only just crawled off the canvas.

 

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.

 

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

 

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

 

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?

 

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

 

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

 

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.

 

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

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