Morgan Stanley on the house price triple whammy

Tuesday 27 October 2015

Morgan Stanley has some nice charts today on the house price triple whammy bearing down Australia.

First, they see macroprudential and the Murray reforms as a substantial tightening equivalent to around four rate hikes:

Second, population growth is tumbling below forecast, withdrawing from demand:

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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.