Will COVID-19 crush Australian house prices?
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Kouk has done a violent coronavirus volte-face today, suggeting that the housing market is suddenly in trouble:
ASX futures down another couple of %:
Bond yields tracking record lows:
AUD bobbling around 0.6600:
Australia is so lucky house prices are rising – but even this is likely to runout of puff in the months ahead— Stephen Koukoulas (@TheKouk) February 24, 2020
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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.