BIS Shrapnel forecasts increases over the 3 year period(not per annum) for median residential property prices (from June 2002 estimated median to June 2005 estimated median). Mr. Mellor may be correct this time: -
Sydney 22% Melbourne 13% Brisbane 27% Adelaide 6% Perth 16% Hobart 6% Canberra 11% Darwin 24%
These are quite average returns assuming home/investemnt loan interest rates average 7% p.a. over the period.
John Aldersley is expecting there will be a signifcant shift back to the stockmarket. He could also be on the money.
