It’s the time of year that all the property forecasts are coming out for 2016.
And while the various commentators don’t agree with what’s ahead, they do all seem to agree that the property markets are set to cool.
By the way…
Their double digit growth was unsustainable considering our low inflation rate, our prevailing low interest rates, our low wages growth and the fact that the boom has lasted 3 years or so.
So What’s Ahead?
The Australian Financial Review nicely summarised the forecasts from 3 major research houses as well as giving some historical context:
2016 will usher in a very different property climate.
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