Which way will the property market go? According to Harry Dent, real estate prices in Brisbane and Australia are about to come crashing down. Now we have Mr Zigomanis from BIS Shrapnel who has forecast a stable market before a 7 per cent increase in property prices over the 2012/13 financial year.
“We’re in a balanced market at the moment, so it will take another good 12 months of low construction for a deficiency [in new dwellings] to build up and for vacancy rates to drop and rental pressure to build before it starts having more significant affects on the market in 2012/13.”
So which way will the property market go? It seems like everyone has a different opinion.