Hotspotting Podcast | Episode 50: Crystal Ball Gazing

Posted on 4/07/2018  
Hotspotting Podcast | Episode 50: Crystal Ball Gazing

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Terry discusses forecasts on the real estate markets by banks and international rating agencies and how mainstream media mis-reports them.

 

In this episode he covers:

  • Mainstream media’s bad habit of turning economists' forecasts into facts
  • The importance of researching past predictions and comparing them with actual outcomes
  • Why reporting of economists' forecasts should highlight their poor track record in getting it right
  • How contrasting forecasts from different sources create confusion for consumers
  • ANZ Bank’s "over the top" forecasts for Sydney and Melbourne
  • NAB’s Residential Property Survey more positive predictions
  • Moody’s views on the key property markets in Australia

 

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