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1.Market Observations, 8.Was Sticky

11 Jan 2018 (AFR) – ANZ predicts property growth will slide to 1pc before rebounding in 2019

[COMMENT: How on earn can anyone make a prediction like this with any degree of accuracy? Economic forecasts (ie. predictions) are useful for governments and planning purposes; but are they useful for retail investors?]

(11 January 2018, AFR, p4, by Duncan Hughes)

‘Residential property growth will slide to around 1 per cent in the second quarter of this year before rebounding to about 4 per cent in 2019, according to Australia and New Zealand Bank. Annual growth this year will be about 2 per cent but the slowdown is “unlikely to persist”, according to its analysis. ANZ’s longer-term market review looks beyond auction clearance rates, which are a useful insight for assessing demand, into economic drivers such as employment, the economy and interest rates.’

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

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