We have an indicator that tells us about Australia’s housing demand. It is our ‘pulse’ gauge. It shows when housing need will be growing and when such demand will be less. Most importantly, it works.
Our housing pulse suggests:
- We should already be entering a housing downturn. We aren’t, because of many things. This is causing an overshoot. The likely market response is a correction.
- The next 3 to 5 years are going to be tougher – the underlying demand for housing was always set to decline.
- On a positive note – the medium to long term view is very positive. Australia is in a prime position to capitalise on its proximity to Asia and our resources – both natural and human. As we noted last week, we just need a reset.
Keen to hear your thoughts.
Until next time,
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