Australia Property Market Forecast 2010.

We asked Chris Gray, CEO of Empire on his forecast for 2010

“In the last few months I’ve interviewed all the heads of the top property research firms in Australia (incl. BIS Shrapnell, RP Data, Rismark Intl.).  Their common belief is that if you want long term high capital growth then you should stick to median priced properties ($500-750k) in the blue chip suburbs located 2-15km’s from the major cities. Sydney prices are the closest they’ve been to the other cities and so it’s thought that Sydney might well grow even more to get back to it’s previous gap. This buying strategy is more of a guaranteed wealth strategy than trying to pick the next best thing that then goes flat for a decade.”

 Chris Gray is the CEO of Empire, a consultancy that builds property portfolio’s for time-poor professionals, searching, negotiating and renovating on their behalf. He’s also the host of ‘Your Money Your Call’ on Sky News Business Channel, Fridays at 8pm. Download his latest book: ‘The Effortless Empire’ at www.yourempire.com.au

Australia Property Market Forecast 2010.

Technorati Tags: Australian Property Market Forecast 2010, Chris Gray

If you enjoyed this post, make sure you subscribe to my RSS feed!