David Koch says Sydney's home price growth running out of steam

David Koch says Sydney's home price growth running out of steam
David Koch says Sydney's home price growth running out of steam

Business commentator David Koch has called time of the "incredible run in this country over the last decade."

And he says that doesn't mean that property is a bubble that's about to pop.

"The days of breakneck growth in capital city property prices are coming to an end… as we've seen in Perth, Brisbane and Adelaide residential property prices can fall.

"The booms in Sydney and Melbourne are now running out of steam," he wrote in his Daily Telegraph column.

"While we don't think there is a nationwide property bubble, Sydney and Melbourne are definitely looking overheated," he wrote.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Bubble Property Prices

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