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PHOTO: Michael Yardney
Sure property values are flat or falling at present but where will our property markets be in 25 years time? It’s no secret that property along Australia’s east coast is seriously unaffordable especially for first home buyer so how high can prices go? Believe it or not, the median house price in Sydney could be over $6million and the median apartment price in our harbour city could be close to $3.5 million in 25 years’ time. Now before you say “NO that can’t be! Housing is already unaffordable!” watch my recent interview on SKY News Real estate as I explain why this could be the case.