Where the property professionals think we are

Attached is a link the property institute's annual survey results. They poll the various institutions involved in property about where they think things are at in the market cycle for various sectors and then their forecasts for the next 2 years. Makes interesting reading.

In the respondents' opinions residential looks like it be only approach upswing in 2008 for both Sydney and Melbourne, with Brissie in a bust at that time.

Who knows whether these guys have better crystal balls than the rest of us...but food for thought.

http://www.propertyinstitute-wa.com/files/files/4445be9db7773_API Survey Report April 06.pdf

Anyone else have a view?

Cheers
N.

 

hi nigel
I hope their right
at 2 1/2 years
that puts me mid to late 2008 early 2009 for my units in a climbing market that would make me ahappy little investor
and thats what I have my crystal ball saying
also I think sydney maybe a bit earlier if rents keep rising.
lets see

 

Lawrence,

I'm in the same boat, even if mines a dinghy compared to your ocean cruiser! My little three townhouse development should come online mid-2008. I settled on the site last month and am now moving forward on the DA/CC process. I'll post the results as I move along, but the timeline looks like working in my favour.

Cheers,
Michael.

 

yep
I know michael and you will be on a winner I think

 

Time is a forgiving beast and my feelings are that by early 2008 we will begin to see more marked improvements in the Sydney market generally. However, this is only if economic conditions remain favourable, interest rates stable and rents continue to rise.
I still believe that Sydney is currently a segmented market, with some areas in recovery mode, whilst other suburbs (traditionally less popular) continue to stagnate and even fall.