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Following recent talk of an impending correction in the Australian residential property market, senior real estate executives have joined forces on the Gold Coast to talk up the market, claiming that the boom could last another two years. From The Australian:
Lend Lease chief executive Steve McCann, at the Property Council’s 2015 Congress, said that the market had “absolutely plateaued” but there was no further risk, while Dexus Property chief Darren Steinberg said there was another two years to run in the current property cycle…
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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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