Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Page Index Toggle Pages: 1
Send Topic Print
What's next for Sydney's Property Market (Read 3212 times)
Lisa Jones
Gold Member
*****
Offline


Australian Politics

Posts: 39047
Sydney
Gender: female
What's next for Sydney's Property Market
Aug 30th, 2011 at 12:13am
 
http://au.news.yahoo.com/nsw/latest/a/-/newshome/10139426/7news-exclusive-sydney...

Four out of five property experts say Sydney house prices are on the way up again, according to a 7News survey.

While the market has calmed recently, showing minimal growth, real estate aficionados say the time to buy is now - as it's only going to become more expensive.

"We'd say that Sydney house prices would move in a range of five per cent per annum over the next five years." says Andrew Wilson of Australian Property Monitors.

Prospective house buyers waiting for a bargain may be disappointed by what John Edwards of Residex predicts, "We'll see growth of up to seven per cent a year – the correction has already occurred."

Luis Christopher from SQM Research, "The Sydney housing market is likely to do maybe three to four per cent per year. The first two years though are going to be quite flat, as mentioned, the big X factor is what the Reserve Bank does with interest rates."

"We won't see these big spikes where we get 10, 15, 20 per cent growth in one year. It will be slow and steady and match what's happening with inflation." says Cameron Kusher, a senior research analyst from RP Data.

Not everyone is as optimistic, Dr Steve Keene wonders where people will find the money to buy houses priced that high, "I've got an overwhelming demand for Lamborghinis, but I can't afford to buy them. You've got to borrow money to buy a house." he says.

The prediction consensus from the 7News survey suggests that many houses in Sydney suburbs will rise above the $1 million mark in the coming years.
Back to top
 

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)
 
IP Logged
 
Amadd
Gold Member
*****
Offline


Mo

Posts: 6217
Re: What's next for Sydney's Property Market
Reply #1 - Aug 30th, 2011 at 8:17am
 
Yeah gee, let's all go out and buy 'em cheap at $900k. That sounds just dandy Lisa  Grin



Back to top
 
 
IP Logged
 
Stanleys
New Member
*
Offline


Australian Politics

Posts: 47
USA
Gender: male
Re: What's next for Sydney's Property Market
Reply #2 - Jul 17th, 2012 at 4:56pm
 
In making the best ideas in achieving certain views to make some changes in considering the real estate to the politics.
Back to top
 

b2b.sp@m
 
IP Logged
 
Frances
Gold Member
*****
Offline


Australian Politics

Posts: 3577
In a Castle in the Hills
Gender: female
Re: What's next for Sydney's Property Market
Reply #3 - Jul 17th, 2012 at 5:47pm
 
Amadd wrote on Aug 30th, 2011 at 8:17am:
Yeah gee, let's all go out and buy 'em cheap at $900k. That sounds just dandy Lisa


Actually $900k would be quite cheap for some suburbs, even at the moment.
Back to top
 

Sure God created man before woman. But then you always make a rough draft before the final masterpiece.
 
IP Logged
 
Stanleys
New Member
*
Offline


Australian Politics

Posts: 47
USA
Gender: male
Re: What's next for Sydney's Property Market
Reply #4 - Aug 20th, 2012 at 9:35pm
 
Woo, that's a lot of money for me, but in terms of buying house which is great then that is cheap. But it's a a great price.
Back to top
 

b2b.sp@m
 
IP Logged
 
Page Index Toggle Pages: 1
Send Topic Print