Here's today's breathless piece of drivel. From Simon Johanson of the SMH:
House prices will continue to grow by up to 20 per cent over the next three years despite interest rates hitting a peak of 9.1 per cent, a respected business forecaster said today.
A QBE Housing Outlook 2010-2013 survey compiled by BIS Shrapnel forecasts house-price growth between 9 and 20 per cent in Australian capital cities over the next three years.
How about a little less editorialising. BIS is respected where exactly?
More significantly, QBE, who commissioned the study, owns and runs LMI mortgage insurance. Whoheh!