Oct 29, 2022
Many of the economists making forecasts about property are claiming that house prices will fall next year, but I’m convinced prices overall will rise in 2023.
Those economists, I should point out, are the usual suspects who have terrible track records in forecasting real estate outcomes, partly or largely because they...
Oct 28, 2022
You can be forgiven for believing that the Reserve Bank of Australia is expecting, and is predicting, that our house prices will drop 20%.
After all, that’s what media is telling us, constantly, of late.
Many news media outlets have stated, categorically, that the RBA has forecast a 20% drop in prices.
In fact, many...
Oct 27, 2022
There have been big headlines around Australian in the wake of the new Federal Government’s first Budget.
They’re going to build a million new homes in five years to solve the housing shortage crisis.
There’s been widespread – although not universal – applause, because it looks and sounds great at first...
Oct 17, 2022
It’s easy to get the impression that prices are falling everywhere, because media provides very shallow and generalised analysis of what’s happening in property markets.
When you dig a little deeper and look behind the generalised figures, you find that there are markets within markets.
And the reality right now is...
Oct 12, 2022
My prediction for real estate prices in the next 12 months is very different to the ones being published by mainstream media.
While there are forecasts from the usual suspects – mostly economists with poor track records in forecasting – that prices will fall 15% or 20%, my prediction is that property prices...