House price status - "price bubble' or 'stabilising"

By: Geoff Grover - Mount Coolum Real Estate  02-Nov-2012
Keywords: Property for Sale, Property Sales, Property Listings

Furious debate occurring between the heavy weight analysts as to the national state of Australian housing prices a la stabilizing or a “price bubble”, and for those interested in the to and fro between the likes of Michael Matusik, Harry Dent of the doom and gloom camp, Louis Christopher of SQM Research & Terry Ryder, much reading material is available. As long term readers will know, I am a firm believer in focusing on the very local situation. There is absolutely no doubt we are in for a lengthy period of stabilsation on the Sunshine Coast, proven immediately by the savage drop in properties listed for sale from 2011 and early 2012 to now in our area– prices are a function of supply and demand, supply in the established areas is at a decade low, aside from some distressed newly developed housing estates and holiday/investment apartment complexes. Prices should most definitely be stabilizing, something a number of price aggressive agencies in the area have not noticed, much to the detriment of their vendors. All best summed up by Dr Chris Caton of BT Australia in his recent address to an international conference in Phuket, Thailand ( how come we ordinary people never get to these destinations for a work function!) His speech was headlined “ No property price bubble for Australia” , supported by the “ Bye-bye to boom & bust ‘ analysis in Domain.com.au this week talking of the fourth stage of the property cycle, adding “stabilization” to “boom”, “bust’ & “recovery”- full stories my website at www.geoffgrover.com.au under the Newsroom tab.

Keywords: Beachfront Property, Coolum Beach Property, Property for Sale, Property Listings, Property Sales,

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