House Price Forecast 'Inacurate'

Hi Property lovers

Yesterday i posted a VERY controversial subject regarding property growth thoughout Australia for the next 3 years. BIS Shrapnel's ( Property Research Group) have come under fire for their 'un-realistic' outlook. I'm going to post some quotes from the latest article and display the 'adjusted' graph.

"In addition, BIS Shrapnel was criticised for emphasising the headline growth figures while playing down the much more modest inflation-adjusted figures"

“We believe its nigh-on impossible to forecast out that far ahead given so many conflicting forces out there in the marketplace”

"When asked about the report's accuracy yesterday, BIS Shrapnel's Mr Zigomanis said the outlook took in "all variables" of the economy. That three year forecast is really based our assumptions of all the other variables three years down the track as well,” Mr Zigomanis said

I was very sure that yesterday's article would of had this reaction, follow the link below to read the full article and do make sure to read the viewer's comments.

http://www.news.com.au/business/money/story/0,28323,25643313-5013951,00.html

Please feel free to leave your thoughts or commenst on this subject.

Thinking of buying or selling in Nedlands? Call me anytime.