Australia
RentsThroughTheRoof on 9 January 2007, an article in the Sydney Morning Herald predicted 20% annual rent rises for the coming year.
"unlike every other, fleeting commodity boom we've experienced, this one is likely to be permanent."
Gittins smh 23/4/8
"I believe that those that sit on their hands will look back in 5 years time and lament on how cheap Sydney apartments were in 2008." Michael MacNamara
? APM 24/4/08
Michael Yardney:
"THE median house price in Darwin will be $8.36 million in less than 30 years, a property expert has said.
Based on an average rise in property values of 8 per cent per year, Michael Yardney said the $8 million mark would be reached by 2036"
- Darwin median house prices 'to reach $8m'; Northern Territory News; March 22nd 2007;
ref"'Now that is just an amazing figure,' Mr Yardney said. The property commentator predicts Adelaide's median house price will be $13.5 million in less than 40 years."
- Property prices tipped to soar; The Advertiser; April 18th 2007;
refCalling the bottom (again);
20/4/08
"Macquarie Bank chief economist Rod Cornish said he does not expect prices to drop by the 30 per cent figure recently reported, and instead predicts a slower recovery this year."
ref
Head Residex statistician John Edwards predicts Sydney values to increase by six to eight per cent this year.
"For the next couple of years there will be growth, particularly in the unit sector,'' Mr Edwards said.
"If you can afford to buy you must do it now because it's not going to get any cheaper.
ref
http://www.businessday.com.au/house-prices-to-rise-next-financial-year-20080616-2r1f.html
referring to this report:
http://www.bis.com.au/verve/_resources/Residential_Property_FINAL.pdfexternal link
BIS Shrapnel study author Angie Zigomanis said rising rents and improving credit conditions would cause house prices to increase in most capital cities.
"As credit conditions recover over the course of 2009, we expect banks will gradually pass on lower borrowing rates to customers," Mr Zigomanis said.
"This easing will enable house price growth to pick up in many centres during 2009/10 and 2010/11."
Sydney, was tipped to have the nation's highest median house price, of $650,000, by mid-2011 as real estate values were expected to climb by 18 per cent during the next three years.
The resources boom city of Perth was predicted to post the slowest capital city median house price growth, at nine per cent, in the three years to mid-2011.
Perth's forecast median house price of $500,000 by June 2011 would be overtaken by Darwin's $515,000 as the Northern Territory capital was anticipated to enjoy 21 per cent house price growth during the next three years.
Melbourne and Adelaide median house prices were tipped to grow by 16 per cent to June 2011, followed by Canberra's 15 per cent.
Hobart house prices were tipped to rise by 14 per cent by June 2011, but would still give the city Australia's lowest median capital city house price, of $365,000.
June 09 Nonsense from BS Shrapnel
BIS Shrapnel estimates Sydney's median house price at June 2009 to be $530,000, and predicts it will rise by mid-2012 to $630,000. Melbourne's current median house price is estimated at $425,000, rising to $507,000 by June 2012.
more from BIS:
http://blogs.domain.com.au/2008/04/crazy_predictions_merely_for_h.html
PredictionsIndexBISShrapnel
Rob Druit REIWA president
5 Jul 2008
"The winners here are the home buyers," he said. "It's a good time for those who can afford to buy."
"Our feeling is that this is temporary," he said. "It will most likely last through til the end of 2008."
ref
Paul Braddick, ANZ's senior economist
3 Jul 2008
"A growing housing shortage is setting the scene for the mother of all housing booms"
ref
USA
Alan Greenspan 2005 “A DESTABILISING contraction in nationwide house prices does not seem the most probable outcome...nominal house prices in the aggregate have rarely fallen and certainly not by very much.â€
ref
Anthony Keen - Money editor - Adelaide Advertiser
Get ready for the big property boom
ref
last modification: Sunday 14 of June, 2009 [06:47:58 UTC] by dave
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