Hilariously, Doc Wilson calls another bottom for Perth housing

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By Leith van Onselen

As Houses & Holes proclaimed recently, Domain’s spruiker-in-chief, Doc Andrew Wilson, “will tell you to buy property as the concrete is poured over his and the market’s dead face”.

In October, Doc Wilson argued that Perth’s housing market would soon bottom, aided by “improving local and national economic factors”. He then followed up in November, claiming that “the first home buyer market [in Perth] is still strong” and that “these falls are not coming off a high base”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.