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.