Back to the bad old days for Chris Joye

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From Chris Joye today:

If Prime Minister Scott Morrison pulls off a miracle and wins the May election, housing conditions should stabilise as investors pile back into the market to pick up cheap assets once the threat of Labor’s deleterious tax changes is removed.

I also expect the accessibility of credit to improve following the royal commission, which has wasted time questioning residential lending practices that are among the most conservative in the world judged on the basis of Australia’s mortgage default rates over the last 30 years (notwithstanding that our home loan rates have been lofty by global standards).

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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.