BIS Shrapnel tips Sydney property growth to continue through to 2017

[Totaro]

http://www.dailytelegraph.com.au/re...-through-to-2017/story-fni0cly6-1226963565157

link above on daily telegraph.

While I'm reasonably confidene about sydney property market, I aint' sure about BIS Shrapnel's forecast of 15% growth for next 2 years. Sydney's median price is now 700k already, if the forecast is true then median of almost $1m seems a bit unrealistic...

my take is price remain stabilized for a while, with moderate growth assuming RBA keep rates low. What do you think?

 

[Totaro]

I analysed home price index for sydney and come up with the attached graph.
It can be seen that after the rapid growth in 2008 and 2010-11, there was a flat or decline.

on the flip side, we see price increase for 3 straight years from 2001-2004. It will be interesting to see whether the history will repeat itself this time

 

[Totaro]

hmmm, sorry picture not display not sure why. It works if you click 'open in new tab'

 

[ok180]

Whatever BIS predicts do the opposite.

 

[norwoodman]

The same report is also predicting price growth in real terms in Brisbane, and that the other capitals will remain flat or decline to 2017.

 

[Propertunity]

http://somersoft.com/forums/showthread.php?t=56447