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Australia's Real Estate Upcycle; Massive Growth Ahead
Topic Started: 15 Oct 2013, 06:05 PM (1,761 Views)
Black Panther
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Oh how wrong the bears were.

Quote:
 
Sydney home prices forecast to rise by 19 per cent

Property forecaster BIS Shrapnel is expecting Sydney house prices to rise by 19 per cent over the next three years while Melbourne prices will rise by only 6 per cent due to an oversupply of inner city apartments.

Perth is tipped for big growth with a forecast 17 per cent rise in house prices while Brisbane prices are expected to be 16 per cent higher for the three years to June 2016.

Releasing its Australian Housing Outlook report in Sydney today, Robert Mellor, the managing director of BIS Shrapnel, said ongoing under-supply, strong demand driven by population growth and strong overseas immigration will drive prices higher in Sydney, Perth and Brisbane over the next 3 years.


Despite warnings from some that house prices are heading towards a bubble, particularly in Sydney, Mr Mellor said affordability in nearly all capital cities was at its best levels since the early 2000s.

''While first home buyer demand remains below long-term levels, upgrader demand is trending upwards and investor demand is accelerating as investors take advantage of improved [rental] yields, lower interest rates and the return of price growth,'' he said.

BIS Shrapnel expects price rises over the next three years to be muted in Melbourne with growth of only 6 per cent, Adelaide 6 per cent, Hobart 4 per cent and Canberra 3 per cent.

''These cities are estimated to have an underlying excess of housing stock and the states are also forecast to continue to face economic headwinds in the next few years,'' Mr Mellor said.

He said that Melbourne still has a ''lot of supply of inner city apartments in the CBD, Docklands and Southbank coming onto the market over the next 18 months''.

Mr Mellor said interest rates are likely to start rising from about the middle 2015 and that price growth in most cities would begin to slow.

http://www.watoday.com.au/business/the-economy/sydney-home-prices-forecast-to-rise-by-19-per-cent-20131015-2vk2l.html
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goldbug
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Sydney home prices forecast to rise by 19 per cent

They have been forcasting rain up here for a month. But still no rain.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Frank Castle
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Business As Usual

goldbug
15 Oct 2013, 06:22 PM
They have been forcasting rain up here for a month. But still no rain.
Up where?
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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mel
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Frank Castle
15 Oct 2013, 06:25 PM
Up where?
Brisbane town (cough!)
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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MMM
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As goldy said. its only a forecast bp, maybe you should retire Again bp, but for a bit longer this time. I mean 17% for wa and 16% for brisbane town. Wont be easy with most of our jobs heading overseas or already gone there, record low interest rates are all thats keeping this show alive now and the people that still have jobs .And Sydney may be more in the firing line with jobs going offshore, it would have more office work type jobs than most other states, more IT workers, more telephone jobs , finance and many other susceptable positions at risk off offshoring. Other states are more hands on .

The last upcycle bp was in 2009-1010 fed on record low rates at the time, after they started to rise prices started to fall and were incapable of being held up on genuine fundamentals of a growing sustainable economy at work. And the economy was thriving back then compared to now, we still had the mining boom and we did not have record buisiness closures and job losses or utility prices double in as many years almost. people want to tell me deflationary is where we are. the only thing that has deflated in price is cheap imported goods , why because they make evrything so cheap over there. they dont need to pay wages that would cripple their economy and make it unfunctionable or uncompetative, and our dollar has risen so much it makes imports even cheaper again. But apart from these how are our other bills and costs going, car rego, car insurance, green slips, council rates, water rates ,power bills, house and contents insurance , petrol and food, mainly basic living costs are rising. I admit there may have been more competition with coles and woolworths in competition and trying to steal other sectors of the economy, like car insurance and home insurance and maybe mortgages now. There has also been some more competition in online markets , like car insurance for example, but these employ as few as possible real staff and rely more on robots and computers than people, this forces previuosly large businesses like nrma to cut costs and the huge amount of staff they once had, not only from competition but from modernising their buisiness structure and also in the name of cutting costs to stay competitive.
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Black Panther
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MMM
15 Oct 2013, 06:58 PM
As goldy said. its only a forecast bp, maybe you should retire Again bp, but for a bit longer this time. I mean 17% for wa and 16% for brisbane town. Wont be easy with most of our jobs heading overseas or already gone there, record low interest rates are all thats keeping this show alive now and the people that still have jobs .And Sydney may be more in the firing line with jobs going offshore, it would have more office work type jobs than most other states, more IT workers, more telephone jobs , finance and many other susceptable positions at risk off offshoring. Other states are more hands on .

The last upcycle bp was in 2009-1010 fed on record low rates at the time, after they started to rise prices started to fall and were incapable of being held up on genuine fundamentals of a growing sustainable economy at work. And the economy was thriving back then compared to now, we still had the mining boom and we did not have record buisiness closures and job losses or utility prices double in as many years almost. people want to tell me deflationary is where we are. the only thing that has deflated in price is cheap imported goods , why because they make evrything so cheap over there. they dont need to pay wages that would cripple their economy and make it unfunctionable or uncompetative, and our dollar has risen so much it makes imports even cheaper again. But apart from these how are our other bills and costs going, car rego, car insurance, green slips, council rates, water rates ,power bills, house and contents insurance , petrol and food, mainly basic living costs are rising. I admit there may have been more competition with coles and woolworths in competition and trying to steal other sectors of the economy, like car insurance and home insurance and maybe mortgages now. There has also been some more competition in online markets , like car insurance for example, but these employ as few as possible real staff and rely more on robots and computers than people, this forces previuosly large businesses like nrma to cut costs and the huge amount of staff they once had, not only from competition but from modernising their buisiness structure and also in the name of cutting costs to stay competitive.
I cant retire because there is Massive Growth ahead. This further points to a market transmutation.

If there are any bears left who arent loco :wak: , you need to follow BP's advice.

Time to buy that starter home in the boon docks before even that becomes priced out of your reach.

You are warned.
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Perthite
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Damn he worked out that wearing adult diapers didn't mean he had to retire.
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Pig Iron
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Bogan scum

the bears have be pretty frantic lately. i think it is slwoly dawning on them that they missed the boat.
I am the love child of Tony Abbott and Pauline Hanson
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Perthite
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Pig Iron
15 Oct 2013, 10:08 PM
the bears have be pretty frantic lately. i think it is slwoly dawning on them that they missed the boat.
Shit me you are even lazy at posting!
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Black Panther
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Perthite
15 Oct 2013, 09:57 PM
Damn he worked out that wearing adult diapers didn't mean he had to retire.
Still renting. ok I understand.
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