Positive house prices
Posted
@ Apr 2nd 2005 12:45pm
- By GCPN Property Network
A financial analyst is predicting another housing boom before the end of the decade. The managing director of the Midwood Investment Report, Bill Morrison, says reduced supply and increasing demand on the Gold Coast will cause prices to increase steadily over the next few years.
Mr. Morrison says there is no evidence that the established seven year cycle in property prices will change. "The overall long-term average is about 8 percent per annum so I expect we'll get about an 8 percent increase for the next three or four years.
We'll get a 50 percent increase in the one year, around 2008-09 like we did last time
.