This ASX company will double its earnings this year: fundie

ASX shares involved in the housing sector are set to boom this year, according to a fund manager — but one company looks especially attractive.

Near-zero interest rates and the dumping of responsible lending laws have put a rocket under Australian real estate.

UBS has predicted a 10% increase in prices this year. The RBA calculated a low cash rate could inflate the market by 30% over the next 3 years.

Tribeca Investment Partners portfolio manager Jun Bei Liu told a GSFM briefing last week that the housing industry has recovered very sharply from the COVID-19 recession.

“Building approvals have been positive. Who would’ve thought it would turn positive so quickly?” she said.

“We have finance approvals, credit growth has…