Today's Herald Sun quotes our friends at BIS Shrapnel predicting a 20% growth in Melb over the next 3 years ... pretty safe prediction when last week papers reported that median grew 11% from January to September 09
I just hope they get it as wrong as 2005 when they predicted -2.5% for Perth from 05-08 and it grew by over 40% (They also predicted Melb at 4% and underestimated there too)
All I know is when a 2 bed apartment in Richmond overlooking the river and freeway advertised from $380k-$430k sold at auction last Saturday for $502K ... growth in Melb is happening
I just hope they get it as wrong as 2005 when they predicted -2.5% for Perth from 05-08 and it grew by over 40% (They also predicted Melb at 4% and underestimated there too)
All I know is when a 2 bed apartment in Richmond overlooking the river and freeway advertised from $380k-$430k sold at auction last Saturday for $502K ... growth in Melb is happening