Australian property remains a screaming SELL

Thursday, 2 February 2017

Don’t be fooled, Australian property remains a big, fat SELL (this is for those that view property as investment). We’re seeing a rebound in specufestor credit and price growth (though how much remains in doubt owing to CoreLogic’s dubious index):

And we’re seeing price expectations rise, as well as “time to buy” measures fall, from Westpac’s Red Book:

All typical signs of a reheating cycle. Yet:

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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.