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  1. Graemsay

    Will the Sydney median house price reach $1 million by the end of 2015?

    My personal take is that Sydney is likely to keep ramping up for longer than any of us Doom and Gloomers expect. We've got low interest rates, unprecedented investor activity, and significant numbers of foreign buyers. So we could see a million dollar median this year. But there's scope for...
  2. Graemsay

    Will the Sydney median house price reach $1 million by the end of 2015?

    For Sydney to hit a million, prices would need to rise by about 11% during 2015. If the dollar falls then there could be increased demand from overseas, and a couple of interest rate cuts could inflate things further... So I'd agree that it could get there by the end of the year. But the...
  3. Graemsay

    Will the Sydney median house price reach $1 million by the end of 2015?

    I suspect that John Edwards's predictions of a slowdown in the short term could be pessimistic. There seems to be a lot of momentum in the market, and these things have a habit of running hot longer than you might expect. But I also believe that his eight year prediction of 6% or more growth...
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