AUSTRALIAN house prices will rise for the next three years on the back of the country’s robust economy, according to a BIS Shrapnel report. The report, commissioned by QBE and written by BIS Shrapnel, forecast median house price growth of 20 per cent in Perth, Sydney and Adelaide over the next three years, with prices in every major city in Australia rising by 9 per cent or more. The survey comes at a crucial time in sentiment surrounding the Australian housing market . Recent data shows pricing in the market is starting to slow, while international investors and even the International Monetary Fund have recently argued the local housing market is overvalued.
Australia ‘s economy is the envy of the developed world. Not only did we escape the global downturn with hardly a scratch, but we’re in a very strong position to withstand any more external economic shocks.
Published in last weekend’s Gold Coast Bulletin (Page 4 of the Property Section) was this article written by Lucy Ardern about unit prices around the Gold Coast. It is not surprising to anybody that Nerang came out on tops