Property Forecast: Boom Or Bust?

Economist Philip Soos has been known for his Speculation Index – a property market indicator that forecasts housing performance in the country as early as the 1900’s. Based on his index, is the property trending towards a Boom or Bust?

The last 2 years have provided us with substantial data on property prices trends, with values up by 10% and around 17% in Sydney. Surprisingly, these values are predicted to rise further, as the market relies on interest rates. According to the index, the property market will continue on an upward trend until we see significant tightening in credit. Until it happens, the market is presumed to continue soaring through 2015.

Read more about this on the Property Observer website.

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Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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