Dr Andrew Wilson, chief economist of Australian Property Monitors, says:
“I would say that flattening is the key word. The great Sydney boom has clearly ended. The peak of the cycle for both Sydney and Melbourne was June,” he says.
If the experts are right and heat does come out of the market, minor differences in asset quality will start to produce very different results. The choice between one postcode and the one adjacent could lead to years of regret.
Produced in conjunction with Australian Property Monitors (APM), this list of the most investable suburbs will be an important weapon for any reader seeking to add to their property portfolio.
…”The possibility of a sharp correction in the Australian housing market is remote,” NAB chief economist Alan Oster says.
…Residex analyst Eliza Owen says such an outcome is unlikely, but that the large proportion of investors in the market compared with historical levels will add new levels of volatility to property markets everywhere.
I wonder if all of those elite Fairfax journos knew they really studying real estate when they did communications degrees?
