With the RBA leaving interest rates on hold for another month, Louis Christopher the Managing Director of SQM Research had the following words to share -

"Today's announcement will not change the current downward momentum of the housing market. We believe that this downturn that is with us will last well and truly into 2012 and unless there is an interest rate cut at some point within the next ten months, house prices will decline for most capital cities in the range of 10-15% which represents their total decline (peak to trough)."

On the subject of forecasting the direction of the Australian property market, SQM Research's National Outlook report- Christopher's Housing Boom and Bust Report has finally been released and is available for purchase for only $29.95 from our website!

The report which contains in detail, SQM Managing Director Louis Christopher's forecast for this calendar year and the next has been highly anticipated by many SQM followers. Mr Christopher who is renowned for his candid and impartial approach to the Australian property market has outlined information in this report on the following aspects:

*Capital city forecasts

*Historic price growth

*Main drivers of demand

*All leading indicators such as stock on market and housing approvals

*Likely fasted house price growth localities (based on income growth)

*Lowest vacancy rate localities

*Appendences of key housing data 

Check it out at  http://sqmresearch.com.au/boombustreport.php