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Cost crunch keeps lid on home prices

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The crisis in housing affordability will keep a cap on pricesacross Australia for the next few years, a leading forecaster’sreport says. – (The Age — 19 June, 2006)
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Cost crunch keeps lid on home prices
Cost crunch keeps lid on home prices

HOUSE prices in Sydney will fall for three more years because theyare still too expensive despite a 2�-year slump, a forecasterwarns. – (Sydney Morning Herald — 19 June, 2006)
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A prominent housing industry forecaster says the Sydney market is facing another two years of declining property prices By contrast BIS Shrapnel expects modest improvements over the next three yea (ABC News — 19 June, 2006)
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Melbourne house prices will remain flat for the next few years, theoutlook for Sydney is even worse and the parts of the country thatdirectly benefit from the resources boom will perform better, asurvey claims. – (The Age — 21 June, 2006)
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