Australia’s last house price boom has no economy!

Tuesday 3 December 2019

It is logical that the last thing to fall in modern Australia will be house prices! We’ve stopped buying anything else. From CBA’s buying intentions. No food or clothes:

Nor cars:

Nor travel:

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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.