Property Dude
14-10-2009, 12:48 PM
Adelaide, Sydney, Melbourne house prices to rise 20 per cent in 3 years
House prices to rise in all capital cities
Adelaide, Sydney best performers
Lower end may dip when grant runs out
ADELAIDE'S housing prices will increase 23 per cent by the middle of 2012, the biggest rise in values of all the capital cities, and nearly twice the growth rate of Perth and Canberra, according to a new report.
The sluggish Sydney market, which hasn't seen a rise in median house prices since 2003, will turn in the second-best result in the three years from June 2009 to June 2012, with compound price growth of 21 per cent, says mortgage insurer QBE's Housing Outlook report, The Australian reports.
More: http://www.news.com.au/business/money/story/0,28323,26206447-5013951,00.html
This is a big call. Another 20% rise over the next three years is going to mean that wages are going to have to show large increases too, otherwise how are such large price increases sustainable?
Will there be anyone left to be able to afford to buy real estate if the average house price is $500,000?
Thoughts anyone?
House prices to rise in all capital cities
Adelaide, Sydney best performers
Lower end may dip when grant runs out
ADELAIDE'S housing prices will increase 23 per cent by the middle of 2012, the biggest rise in values of all the capital cities, and nearly twice the growth rate of Perth and Canberra, according to a new report.
The sluggish Sydney market, which hasn't seen a rise in median house prices since 2003, will turn in the second-best result in the three years from June 2009 to June 2012, with compound price growth of 21 per cent, says mortgage insurer QBE's Housing Outlook report, The Australian reports.
More: http://www.news.com.au/business/money/story/0,28323,26206447-5013951,00.html
This is a big call. Another 20% rise over the next three years is going to mean that wages are going to have to show large increases too, otherwise how are such large price increases sustainable?
Will there be anyone left to be able to afford to buy real estate if the average house price is $500,000?
Thoughts anyone?