Why Australian property is a big, fat sell

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There’s lot’s of concern around comments in the blog at the moment that Australia property bubble is set to launch another leg up on accelerating rate cuts. The concern is valid.

However, nothing that has happened has changed the MB view that now is the time to exit the property market. In fact, it is playing out exactly as foreseen, with accelerating rate cuts chasing mushrooming economic and political chaos down the gurgler.

If you want to read the long version of this then it is available in our December special report: Australia in the super-cycle unwind. For the purposes of discussion today, here are the points I consider most relevant:

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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.