In 2003 they were spouting the same rubbish, it's just a shame that the gullible masses fall for it.
I have no doubt the Sydney median will make it to $1 million some day, but I doubt very much it's within the next decade.
Median house price to hit $1m by 2012 July 6 2003 If you are already staggered by Sydney's booming real estate market you'd better sit down - the median house price has been tipped to reach $1 million by 2012.
And, as many more suburbs joined the million-dollar club, more Sydneysiders will find themselves sitting on a property goldmine. Even the humble fibro shack won't be left out, with the worst houses in the best streets continuing to fetch huge prices.