Article from MM in Property Observer. I'm always interested in his view. And this is a rather interesting warning of more moderate price growth http://t.co/lEyuDgLxMZ
Michael Matusik's view on property cycle
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The old adage of "property doubles every 7-10 years" has been a good one.
It may be closer to every 10 years these days.
interesting,
Louis prediction of Sydney: +15 to +20%
I think is insane,
the other 3 all said 5-9% growth for syd,melb,qld which is fair enough
http://au.ibtimes.com/articles/5325...-calendar-scorpio-taurus-capricorn-pieces.htm
About as interesting.
About as interesting.
Or you could just randomly pick 3 lines from different Haikus
Through morning moisture
Fading from yellow to gold
Autumn is soon here
But it's already autumn, so that's completely wrong.
I agree, maybe even 10-12 yrs?
Why do you think 15-20 % is insane ?
Current market conditions or it could never go up that much in a year ?
If it's the the later , your wrong . In every cycle I've seen bigger rises than that in one year . almost 100 % in one year in later 80's .....sigh
Current market conditions .. Dunno .. will check in a years time . I'm hoping over 10 % , but might be more.
My personal experience is that predictions are usually conservative when the market is going up.
Cliff
