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Commodity bust will continue to weigh on economy and property, page-7

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hawkers

3,404 Posts.

30/01/15

09:41

Post #: 14664822
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Originally posted by Sector Lead ↑

"Off to the races again this year."

I know it sounds good, but imo, this is not the time to be off booming again in Sydney and Melbourne.
SYD as per article seeing some 20%+ flipping over 12 months is unsustainable.

Perth and Darwin will most likely continue through a flat period and that's healthy.
Adelaide I don't know well but Brisbane SEQ is continuing to strengthen as predicted on back of Southern states and higher yields, with a strong +1.88% last quarter on RP data index.

I think it would be better long term if the 2 major cities had a good 2-3 year breather and go back to inflation only for say 5 minimum.

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I agree in regards to Sydney but Melbourne is still some way behind
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