Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Property prices 'will grow solidly over the next three years'

The price of property in Australia will grow solidly over the next two or three years, BIS Shrapnel has claimed.

Property prices will experience a solid growth over the next two or three years, industry research company BIS Shrapnel has claimed.

Rob Mellor, the company's managing director, told API Magazine that the markets in Sydney, Perth and Adelaide are predicted to perform the best.

He explained that prices are likely to increase by around 20 per cent by 2013, whereas values in other cities will also grow, but at a more modest rate.

Speaking of recent events in the Australian property market, Mr Mellor said: "Price growth slowed over the past six months, which are not conditions of a price bubble."

He even went on to label claims of such a bubble as "foolish" and reiterated that the outlook for the property market is improving.

Last month, the Reserve Bank of Australia also rubbished claims of a housing bubble in a research paper titled Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study.

Posted by Steve Douglas

- property, prices

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now