From the Flying Circus today:
New home buyers to get cash grants – housing bears shitting themselves https://t.co/dtZDY1uEyi
— christopher joye (@cjoye) May 31, 2020
Guess who’s long bank hybrids then?
I note that the housing package will be jobs supportive so that’s good for housing in a general sense. A few renos will do it no harm.
But more supply isn’t. And I’m pretty sure that the Flying Circus would have felt more than a pang of disappointment that the grants do not encompass established dwellings.
I remain bearish as rents crater along with mortgage standards tightening, weak immigration and high unemployment.
It’s more accurate to say that poop is spraying generally from the direction of the Flying Circus.
- China’s Aussie reliance exposed as iron ore volumes boom - July 1, 2020
- MSM does Sydney rental rout - July 1, 2020
- CCP applies Hong Kong security law to Planet Earth - July 1, 2020