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”…