Steinert makes contrarian call on prices

Original article by Larry Schlesinger
The Australian Financial Review – Page: 42 : 14-Oct-15

Macquarie Group recently forecast that Australian house prices will fall by 7.5 per in 2016, while AMP Capital expects further price growth in 2016 before a 5-10 downturn in 2017. Meanwhile, Stockland CEO Mark Steinert says a number of factors support the case for further growth in house prices, including the lower Australian dollar, a relatively strong domestic economy and continued population growth. He anticipates that house prices will rise by 3-5 per cent in 2016.

CORPORATES
STOCKLAND – ASX SGP, MACQUARIE GROUP LIMITED – ASX MQG, AMP CAPITAL INVESTORS LIMITED, PROPERTY COUNCIL OF AUSTRALIA LIMITED, AUSTRALIANSUPER PTY LTD

Leave a comment