A couple of my media pieces from the past week are attached below. Elsewhere I've been doing some exciting work with TalkSport radio in the UK where, in a bid to woo votes, first-time buyers under the age of 40 (ageist?!) may be able to purchase homes at 20 percent under the market rate...if the Conservative Party is re-elected.
There is certainly never a shortage of lively debate when it comes to British politics and housing market policies.
A bit of other media this week...
1 - Property Update: Why population growth will be very different in the future.
2 - Property Observer: Has the market mispriced the odds of an interest rate cut?
It's hard not to remain a little ambivalent on the interest rates point.
On the one hand it's hard to see the RBA cutting rates again due to fears of property markets overheating. On the other hand we get data sets like the below from AIG today. Given that services is the backbone of Australia's economy, it's a sorry sight to see a reading of only 45.4 (down 4 points) way below the "50" reading which marks the line between contraction and expansion.
Futures markets don't really know what to make of matters either, on balance resulting in a cash rate futures yield curve so flat that it is barely even a curve at all! We could be set for a record level of monetary policy inactivity, perhaps even another 18 months of "on hold" (click to expand).