Bouris: Property to boom for five years

Monday, 3 June 2013

Manna from heaven for property investors on Saturday morning with Mark Bouris (part owner of mortgage house, Yellow Brick Road), predicting “hot” property markets for five years and appearing to endorse young folks going 100% long house prices on national TV.

There’s no mention of falling Chinese growth, mining investment, current account deficits, or limits to lending here. No mention of risk at all, except if you miss out and overpay later. Just the falling interest rates that result, which always cause property prices to rise!

ALWAYS, damn it!!!

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.