Bernard Salt slams negative property outlook

Bernard Salt slams negative property outlook

Bernard Salt
22 January 2016 by James Mitchell 2 comments

One of the nation’s leading demographers has slammed negative media reports about the Australian property market.

KPMG partner Bernard Salt said he is an optimist when it comes to Australia. Negative views of the property market are rife, he said, but have little truth behind them.

“When do you ever pick up the paper and read a positive view of the Australian economy or property market? There is never a positive view,” he said.

“In fact, if you acted on the advice, you would never buy property, you would never invest in property. And yet, in fact, you would have missed the greatest boom for the last 25 years and the peak of that boom from 2008 through to 2013 or so.”

Mr Salt said Australians need to take a “bigger-picture view”, and argues that we are a young, vibrant country with strong levels of population growth, very aspirational, and we’re rich in terms of income per capita.

“We are as rich as the Americans, some say even more so depending on how you measure it. We are more egalitarian. Our cities are more attractive places to live. We are an overnight flight away from China,” he said.

“There is no reason why we wouldn’t be prosperous people in 10 or 15 years’ time. There is no reason why people wouldn’t be spending more on property in the future.”

[LinkedIn: Should school students be taught about property?]

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
REVEALED: The 10 best agents in Australia for 2017

For the first time ever, the top 10 agents in the REB Top 100 Agents ranking are revealed in this exclusive podcast. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
Do you have an industry update?