MELBOURNE’S median house price will gain ground on Sydney’s in the coming years, hitting $940,000 in 2020, a new report predicts.
The latest QBE Australian Housing Outlook has forecast the figure to rise 10.2 per cent in Melbourne over the next three financial years, while falling 0.2 per cent to $1.178 million in its NSW equivalent.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
