Prosper Australia

On Tuesday, SQM Research released their forecast for house price movements this year. Louis Christopher is as dour as a maiden aunt.

“You only find out who is swimming naked when the tide goes out.” – Warren Buffett, Chairman’s letter 2001. Negatively geared property investors are exposing themselves, the banks and every Australian citizen to capital destruction, a highly infectious disease that leaves permanent scars. Negative geared property is the glaring weakness in Australia’s deflating housing market. [...]

photo credit: Super Doily As published in yesterday’s Online Opinion As if out of thin air, a magical 46 per cent more property was offered for sale in February than a year earlier. Like the heavens opening after a long drought, desperate first home owners must have been thanking their lucky stars. Let’s repeat that. [...]