Real Estate price forecasts in the media
It’s good that finally the media is including forecasts when discussing the future of Australian’s real estate prices. However we can improve on the forecasts being used. The CoreLogic Moody’s forecasts that are quoted are regularly highly inaccurate; Vifortech Solutions has proved it can do better. Comparing the percentage error of annual forecasts in the discussion below, we see: In only one case is the Vifortech Solutions forecast wrong by more than 25%; and In four out of five cases the CoreLogic Moody’s forecast is wrong by more than 30%....