PROPERTY MARKET PREDICIONS FOR 2016 - 8 EXPERTS PREDICT GROWTH!... I DON'T AGREE AND THIS IS WHY?

The 'Property Crystal Ball' is out for 2016 and 8 Experts have given us their opinions on what will happen in the property market this year!...
All 8 Experts have indicated a 'growth in the property market, ranging from 1% to 9% in The Sun Herald Domain Property Guide 2016.
My prediction, with more than 25 years working, living and breathing every real estate market including 'boom and bust' is that we will see 'No growth' in the 'Sydney and Melbourne' property markets in 2016. However, what we will see is an 'adjustment and correction' in the property market in the last quarter of 2016 of potentially up to 10%.
The reasons are, we will see a real slowing in the Australian economy, as well as the Chinese economy rapidly deteriorating. The world's leading EU economies are under serious threat from another GFC - Global Financial Crisis like conditions, and the reality of future terrorism in key international markets are now are real possibility. A decline in investors looking to purchase property due to the changes and restrictions in the new lending laws.
The major property markets in 'Sydney & Melbourne' will always have a simply 'supply and demand' formula. The 'demand' for quality real estate in sought after areas across Sydney and Melbourne will always remain strong, especially in the good suburbs and in the price range of up to $1,000,000 within 20 kms of the CBD. The 'outer suburbs' will see the biggest drop in prices as demand drops and supply of property is increased!...
MY EXPERT OPINION and PROPERTY TIP is; If you are a seller in 2016?... then sell in the first quarter of the year, and if you are a buyer?... Buy in the last quarter of 2016 or early 2017.
Robert Klaric
www.thepropertyexpert.com.au
#secretsofthepropertyexpert