LMAO, the media being sued for misleading people.... baaahahaha
Plus I think you let the headline and big numbers cloud your opinion of the article.
Bellevue Hill is one of Sydney's most blue chip suburbs, current median house price of $5,725,000. I would say $7.5m in 10 years time would be a bad result and is quite a conservative estimate. Don't forget these houses are not being bought by people who rely on wage growth. They own the businesses that benefit from low wage growth.... That said, it was one of the worst performing areas in Sydney prior to the recent boom, those that bought in 2012-13 did very well.
If you read to the end it is suggesting Parra will be ~ $2.1m which is not a stretch at all considering the growth plans for the CBD and surrounding areas. Liverpool a bit over $1m. All sounds about right to me... Most of it won't happen until the later part of the decade, but it will most likely get there.
