QBE Australian Housing Outlook 2017-2020

by BIS Oxford Economics

 

Thankyou

 

awesome thanks!

 

Summary - the outlook for the next 3 years is pretty bleak except for Melbourne houses and Hobart houses and units.

 

Based on those stats I’d bunch Brisbane houses in there with Hobart and Melbourne.

 

What are everyone's thoughts regarding this report? Is it in line with your thoughts moving forwards or do your own views differ?

Thanks for posting by the way.

 

Outlook for Canberra

With Federal Government employment being the key driver of economic growth, the outlook for Canberra will be closely linked with public sector employment growth. Conditions in the house market are expected to remain largely positive, driven by population growth, an undersupply of houses and strong employment prospects. The median house price in Canberra is forecast to increase a cumulative 16% over the forecast period to $750,000 at June 2020. Canberra is forecast to have the strongest growing market of all the cities over this period.

Cheers,
Oracle.

 

Can only comment on Darwin but it's more or less correct. The only report I've seen so far that's understood the difference between the northern suburbs and Palmerston. This would indicate to me that they've really done their homework.

 

I think BIS are behind the report. Their prediction-actuals rate is pretty woeful.

 

Are there any credible sources with reports like these?

 

Not really. You can't treat any of them as gospel. You have to use it as a starting point and do your own research from there....

 

Fair enough and fair to say use as a guide to then do your own research on drivers etc. and markets within markets?

 

I am a minnow but that has been my experience. That and boots on the ground.

Hopefully a bigger fish will be able to give you a more definitive answer.

All these stats companies are well...stats companies. A person in an office goes through the numbers and passes comment.

That will never be as good as visiting or living in an area.

 

Very true, nothing like living in or near an area. Thanks for the feedback

 

Its a great read for a detailed summary of the oz property market. I didn't see anything too controversial. The very low yields in Syd 2.1% & Melb 2.3% makes me cringe at the high prices we pay for houses. Almost makes me want to criticise negative gearing - almost.