It is barely 11 days into the new year and mainstream media is being dominated by more subdued property forecasts this year.
Over at Fairfax, Chris Vedelago is writing about the The slump we have to have which according to Chris is definitely overdue after Melbourne’s house prices surged nearly 37 percent in two years, “super-charged” off the back of Rudd’s “big fat” First Home Buyers’ Boost suggesting it was “not only unsustainable but downright dangerous.”
News Limited’s Jessica Irvine is reporting why Property prices are going nowhere suggesting “The golden goose of property is well and truly plucked” based on a report from the Reserve Bank of Australia.
And the ABC is not about to be left out of the party with Michael Janda warning “The likely outcome if prices do surge will be a bigger housing bubble and a more painful crash when it does inevitably burst” in his article today under the headline Beware the comedown if house prices surge about Stephen Koukoulas’s report yesterday in Business Spectator forecasting prices to rise 10 per cent this year.
» The slump we have to have – The Age, 3rd January 2013.
» Property prices are going nowhere, RBA paper explains why – News Limited, 8th January 2013.
» Beware the comedown if house prices surge – The ABC, 11th January 2013.
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