Dr Andrew Wilson, who is senior economist with Australian Property Monitors, had this to say on Twitter today following the release of the ABS house price data:
"Today's price data clearly correlates with APM Sydney series trend of market bottoming in December 11. You heard it here first naturally...
Seems like the acolytes of the doomsayers are quickly jumping ship. Lots of housing commentators but few real experts. Only a matter of time."
Real-time, stream-of-consciousness insights on financial markets, economics, policy, housing, politics, and anything else that captures my interest. Tweet @cjoye
The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."