What is going to stop house price falls?

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There are lots of folks talking up property today, from developer financiers at the AFR:

The head of property at Melbourne-based investment house Wingate has played down concerns about a housing crash and says its appetite to lend to private developers – following a retreat by the major banks – remains stronger than ever.

Wingate, which has more than $2 billion of funds under management, has grown its debt partner funds business by $300 million this year, hitting $700 million in November.

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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.