So say some agent, at the AFR:
The post-election housing euphoria has fizzled out into a state of “calm and caution”, with agents likening the market to a shaken can of Coke.
“When you take a can a Coke, and shake it, it explodes and then starts to flatten out – that analogy is quite appropriate for the market right now,” BresicWhitney director and agent Shannan Whitney said.
“My agents say there was a bit of hype but it’s settling down a bit.”
CoreLogic’s leading mortgage index is showing similar:
I expect the RBA, APRA and Government to have to work quite hard to turn it around but work they will!
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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