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."

Friday, September 17, 2010

Analysts bullish on Aussie housing

Business Spectator has the latest. A taste from CommSec:

"CommSec economist Savanth Sebastian said a recent slowdown in demand for residential property meant investors were now able to pick and choose.

"The fundamentals for property are still very strong," Mr Sebastian said.

"We've still got very strong population growth, we have been underbuilding and it is likely that with some certainty around interest rates, potential investors and home buyers will move back into the market place."

However, he said any strengthening in the housing sector would be "more sedate".

"I don't see it surging back as it did with the stimulus, rather it would probably be a much more subdued recovery."