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Bank of America Merrill Lynch has released a note today arguing that this could be Australia’s last property boom for many years as investors second guess their love affair with property. From The Canberra Times:
“A period of weaker price growth or outright modest declines is likely to become entrenched over coming years,” said Merrill Lynch in a note to clients. “We’d expect that such a period could severely test Australians’ long love affair with property investment”…
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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.