Monday, February 13, 2006

Some interesting news. I think median house prices are cooked and also depend on the agency providing the data. But from my “best guess” estimate, Sydney median house prices have fallen from 10-15% from the peak in 2003 depending on location. I think the other state cities that have had increasing house prices will stop increasing as soon as the resources boom cools down.

I think over the next three years Sydney house prices will fall another 10% unless Australia and more specifically NSW finds some sort of oil fields!

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