House price growth far from over
House price growth far from over
Posted on Monday, September 22 2014 at 12:58 PM
The housing market recovery is far from over according to this year’s national outlook report by SQM Research with growth forecast to continue for the remainder of 2014 and into 2015.
SQM
Research predicts continued price rises for Sydney of between eight to 12 per
cent.
The
forecast takes into account where the economy is steady, interest rates remain
unchanged and the AUD stays above US85 cents.
The
SQM Research base case forecast for the remainder of 2014 and 2015 is:
SQM
Research managing director Louis Christopher says the market is somewhat
overvalued.
“But
not by as much as what some have very publicly stated,” he says.
“I
don’t believe at this stage the market is in a bubble. Some cities are heading
into overvalued territory, but the point overall is the market is far from a
bubble situation when taking into account historical valuations over the past
30 years.”
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