Business
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…
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