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Via the AFR:
Surging home prices in many Australian cities are firing up first-home buyers but are failing to energise investors who are feeling less optimistic, the ME Bank Quarterly Property Sentiment Report shows.
More than half (51 per cent) of first-home buyers polled in the fourth quarter said they intended to buy this year – a jump of 13 percentage points from the second quarter.
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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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