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17 Oct 2016 (AFR) – Deloitte Access tips property to be the ‘worst investment’

(17 October 2016, AFR, p3, by Jacob Greber)

‘Property looks set to become the “worst investment” over coming decades because of a looming bust in apartment prices and the reality that official interest rates won’t stay low forever, says a leading economist. Describing the nation’s economy as trapped in a “Faustian bargain” with low borrowing costs and resurgent commodity prices, Deloitte Access Economics economist Chris Richardson warns that future risks of a shakeout are mounting.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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