Tuesday, December 22, 2009

2010 for Perth Real Estate is Everyone's Guess

As 2009 draws to a close, many are wondering what the future holds for the Perth market. As always, there are various opinions amongst the experts. Here are some quotes from various real estate experts on 2010, taken from WA Business News.

"All of us seem to have forgotten the anguish of the first four or five months of the year and we're trying to understand just how on earth the year finished so strongly," - Ray White Real Estate chairman Brian White


"If the whole economy catches fire with a strong growth in wages, then that will really be supportive of a continued strong growth in house prices." - Commonwealth Bank economist James McIntyre 


"With prices, we'll probably continue to get a little bit more growth over the next six to 12 months but probably not at the rate that we've seen over the last six months which has been driven a lot by the first home-owner base." - Housing Industry Association chief economist Harley Dale


"I'd expect you'd see steady low-to-mid single digit growth next year" - BIS Shrapnel senior project manager Mr Zigomanis.

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