Hi,
Question: Are Residex future predictions historically low/conservative do you know?
As an example when they predict Brisbane Houses: 4%+ pa next 5 years, 5%+ pa next 8 years.
Background: I'm pondering the average/worst case growth for my spreadsheeet It does seem quite a challenge at this point in time with variations such as (a) current ~18%, (b) Residex ~4%, and (c) the "doubles in 10 years" is just over 7%. I'm thinking I'll stick with 4% over the next couple of years and then ramp it up to 7% for medium & long term.
Question: Are Residex future predictions historically low/conservative do you know?
As an example when they predict Brisbane Houses: 4%+ pa next 5 years, 5%+ pa next 8 years.
Background: I'm pondering the average/worst case growth for my spreadsheeet It does seem quite a challenge at this point in time with variations such as (a) current ~18%, (b) Residex ~4%, and (c) the "doubles in 10 years" is just over 7%. I'm thinking I'll stick with 4% over the next couple of years and then ramp it up to 7% for medium & long term.