No Louis, Melbourne housing is not a “buy”

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By Leith van Onselen

SQM Research’s managing director, Louis Christopher, has told property investors to avoid Perth and instead look to Melbourne, the Gold Coast and Hobart. From The AFR:

“We believe that Melbourne will be the out-performer of the year, followed by the Gold Coast and Hobart. Each of these respective cities are benefiting from the lower Australian dollar,” he said…

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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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