In this week’s episode, Terry talks about forecasts on the real estate markets from banks and international rating agencies and how mainstream media reports affect it.

He discusses

• Mainstream media’s bad habit of turning economist’s forecasts into fact
• The importance of researching past predictions and comparing it with actual outcomes
• Why reporting of forecasts for real estate should be tempered
• The reason why big forecasts from different sources often result in confusion for consumers
• The story of what happened to ANZ Bank’s property value forecasts for Sydney and Melbourne
• National Australia Bank’s Residential Property Survey findings and predictions
• Moody’s views and predictions for the property markets in Australia
• What we can expect with the major markets according to NAB, Moody’s and BIS Oxford Economics

Further Reading
Rent Markets Tighten in Most Cities