This is what all the carry on is about, expect housing credit growth down from 6.8% to 4.7% for FY27.
It’s still a positive figure, they are expecting housing credit to grow in FY27, just not at 6.8%. I think that shows some real resilience and the underlying strength in the economy and housing. If after 3 interest rate rise, a complete bastardisation of tax laws and in the middle of a housing shortage, that’s the worst thing, hosing credit is expected to decline 2.1%. Then we are in good shape.
I honestly think the market is getting more dumber, despite all the technology advancement out there.
This is what I see right now:
A forward div yield of 4% plus franking credits and a bounce back in their share price and you get a 10% return on your money right there.
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