Morgan Stanley: Property to bust worse than royal commission

Friday 1 May 2020

Via Morgan Stanley comes some great news coming into the weekend:

We expect a house price decline larger than the previous downturn (10-15 per cent), with more broad-based impacts, particularly on the rental market.

While forced selling should remain limited over the next few months, given significant support from governments and banks, this is still likely to come through later in the year as these measures are wound back.

Avagoodweekend…

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.