article_snippet: Capital growth will still be at the top end of our forecast this year of between 8 to 12 per cent for Sydney,' Mr Christopher said. '
article_snippet: Stock is getting absorbed very quickly, Stock's such a bull market, and property is taken out real quick.'
article_snippet: Over in Perth they cannot sell a thing, the market is falling away badly, the fly-in fly-out market is gone and that is causing a big rise in rental supply. '
article_snippet: I's different on the retail front because of the mining boom, retail rents went through the roof, retail rents locked retail rents in for five year leases and can't get five year leases down, so prices stay high.'
article_snippet: Overall there is no national housing bubble forming, except for Sydney and parts of Melbourne,' warned Louis Cristopher from SQM Research .
article_snippet: Managing Director of SQM Research, Louis Christopher, said lower interest rates should continue to drive the market Sydney and lift buyer demand elsewhere .
article_snippet: Low interest rates will help to underpin investor demand for property, helping vendors to sell vendors properties, which will keep a lid on listings in those cities, Mr Christopher said.
article_snippet: The softness in those markets is expected to be ongoing given that the commodity downturn is depressing economic activity in Western Australia and the Northern Territory. '
article_snippet: Stock levels have jumped from a year earlier as vendors struggle to sell vendors properties for the prices vendors want in these cities. '
article_snippet: Overall it goes to show there is no national housing bubble forming.