Access economics predicts a few more flat years in Melbourne the a boom in 2009
The report is a little deceptive saying things will “boom” in 2009.
The “boom” is the last stage of the property cycle and is usually the shortest stage.
At Metropole our research suggests prices will be flat through most of 2006-7 but some areas will have 5 – 7% increases – (we have also research which areas these will be.)
Values will start to increase slowly over 2008, and should get to an overall 10% increase in 2009. It is likley Melbourne will have up tp 15% growth per annum for the first few years of next decade.
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
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