Louis Christopher talks housing

Find above an interesting video interview with Louis Christopher, managing director of SQM Research, aired last night on Switzer.

In the interview, Louis provides his outlook on the Australian housing market. Key points include:

• A housing revival is underway. However, it is underwhelming given the sharp cuts to interest rates as households are carrying large amounts of debt, which is holding back demand.
• Sydney’s housing market is looking strong, with unemployment falling and listings very low.
• Perth’s is starting to look fragile as the mining boom unwinds.
• Brisbane is treading water, with the market well supplied. But the falling Australian Dollar should assist the tourism industry.
• Melbourne is likely to experience a drop-off in first home buyer demand now that the First Home Owners’ Grant on pre-existing dwellings has been cancelled.
• Adelaide’s housing market is likely to remain tepid, held back by adequate supply and weakening employment.
• The ACT market is looking especially weak as the Federal Government slashes jobs.