Feb 20, 2022
I’ve said many times that people should ignore what bank economists say when they decide to dip their toe into property market analysis – a subject which is outside their area of expertise. In fact, you should completely ignore them when it comes to forecasting what is going to happen to house prices, as they usually get it wrong – indeed very wrong – and often the eventual outcome is the opposite to what the bank economists predicted.
But, having said that, there is one piece of regular research put out by the major banks which I believe is a must-read for property investors.
The State of the States report, published quarterly by CommSec, which is a division of the Commonwealth Bank, provides good analysis of what is happening in the Australian economy and I believe is a great indicator of where you might want to consider investing in real estate.