Guess who's back?
Market analysts and forecasters BIS Shrapnel are back with another headline-grabbing forecast.
They see the Sydney property market adding price growth of 20 percent over the next two years with prices "set to take off" in Brisbane by 14 percent over the same time horizon.
However, BIS see growth slowing dramatically in Melbourne, anemic growth of just 1 percent in Adelaide in the next year, and a slight fall in Perth prices.
Unsurprisingly, it's mostly about Sydney and Brisbane, reports The Australian:
"The soaring Sydney property market will achieve growth of 20 per cent over two years to send the median house price well above $1 million, new research suggests.
Prices are also set to take off in Brisbane, but growth will be much more subdued in Melbourne and Adelaide, and prices will fall in Perth, according to forecasts from BIS Shrapnel.
The economic analysts said there are housing shortages in Sydney and southeast Queensland, and while housing construction activity has lifted, there is limited scope for a long run of growth in construction.