Blackwattle Investment Partners CIO, Michael Skinner, featured in Capital Brief discussing emerging signals in the Australian housing market.
“Two key indicators of the Australian housing market are now in disagreement.
Auction clearance rates, which measure the share of properties sold under the hammer, fell to 52.5% nationally in the week ending 9 May.
By contrast, consumer house price expectations index, which surveys consumers on whether they expect prices to rise or fall over the next year, sits at 153.5. That is above its long-run average of 130.
For 16 years, these two indicators have tracked closely..”
The divergence is meaningful, and investors should take note.
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