BIS Shrapnel forecast house prices to rise 11-22% by 2013

BIS Shrapnel’s Residential Property Prospects report 2010-2013 predicts house prices around the country to continue its momentum upwards. Contained in the report is predictions of a 22% increase over the next three years for Perth and 20% for both Sydney and Adelaide, while all other capital cities will see growth exceeding 11%.

The predictions come as mortgage approvals have plunged in the past 7 months and now sit at a 9 year low.

» Sydney house prices to soar 20 percent by 2013 – Dynamic Business, 15 June 2010.

» Modest Growth Forecast For Oz Residential Property Prices – NineMSN, 15th June 2010.


  1. Ah, good old BIS Shrapnel. I recall their forecast at the start of 2008 that said prices in capital cities would rise 22% over the period 2008-2010. I’ve not kept much of an eye on house prices, but I’d wager that are roughly the same as they were at the start of 2008, so they’ve got about 6 months to gain 22% for BIS Shrapnel to be right.

    My guess is that they will be wrong, both on their 2008 forecast and their 2010 forecast. I wouldn’t expect them to release any press releases analysing their own actual performance over the past few years.

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