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1.Market Observations, 8.Was Sticky

28 May 2018 (AFR) – Brickworks Lindsay Partridge tips soft landing for house prices

(28 May 2018, AFR, p17, by Simon Evans)

‘The managing director of Australia’s largest brick maker has predicted a soft landing for the nation’s housing market even if it has finished “running along the top”, with low interest rates and robust migration levels providing a solid buffer. Lindsay Partridge, who has been at the helm of Brickworks since 1999, said lower auction clearance rates and longer times on the market for many properties were a clear sign that the eastern seaboard in particular had passed the peak of this cycle.’

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

 

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