Is The Australian 30-year Property Super-cycle Over?

Richard Wiles from Morgan Stanley after the budget on Tuesday suggested that the Australian 30-year property super-cycle is likely over, with significant impact on Bank valuations because of weakening credit demand. Years ago, Richard and I use to work on the JP Morgan Property reports, which for years were jointly published with DFA, so I respect his views. And as I highlighted in the earlier show, the latest credit stats from the ABS on new lending were weaker before the budget, as higher interest rates, with more to come, hit home. This week’s federal budget may have shattered a critical […]