SQM optimistic about housing market
SQM Research principal Louis Christopher has made the bold prediction that the housing market is about to enter into an imminent recovery phase.
The prediction is contained in ‘Christopher’s Housing Boom and Bust Report’ for 2012/2013, released this week.
SQM Research predicts outperformance for Darwin, Sydney and Perth, with the average capital city gain in 2013 predicted to be between 4 per cent and 7 per cent.
Commenting on the report, Christopher said the housing downturn that had commenced in 2010 for most capital cities had just about run its course.
“Interest rate cuts appear to be creating a bottom in the housing market, and the prospect of more rate cuts will likely create a rise in dwelling prices for the remainder of this year and into 2013,” he predicted.
Christopher said the rate of recovery was going to vary from city to city, but all cities should positively respond to the rate cuts.
AUTHOR
Staff Writer
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.
