Because that’s what the RBA is betting on.
Westpac is today predicting that the only state capital with house prices not falling next year is Hobart.
Sydney down:
Can mighty Hobart property carry the Australian economy?
David Llewellyn-Smith
Tuesday, 28 November 2017
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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.
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