"Over the weekend, there was a report in the Sydney Morning Herald that we were “backing away” from our Sydney forecast of 15-20% this year.
As stated to our Twitter and Facebook followers, it was a rubbish assessment of our view and we have also told the editor concerned precisely that.
We have not backed away from our forecast.
We actually believe this forecast is a good probability of becoming reality and as stated recently to you, we believe only a rate rise or negative gearing changes are likely to significantly slow the market later this year.
That doesn’t mean the market might not slow at all.
It may especially as we get closer and closer to a rate rise, which seems to be increasingly priced in for the 1st quarter of 2015.
But this much I assure you, you will hear it from me first on any change in our position, right here within this newsletter, rather than via the mass media."