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Following on from Houses & Holes’ post earlier this morning on the CBA’ pump and hike strategy, I want to focus on the claim made by chief Ian Narev that Sydney and Melbourne house values would continue to be supported by an imbalance of demand and supply. From The AFR:
Ian Narev says the forces of supply and demand that are propelling house prices in Sydney and Melbourne are likely to persist for “quite some period of time”.
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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.
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