In this video Yellow Brick Road’s Mark Bouris joins Switzer TV to discuss his views on what is driving our property markets at present and are we in a property bubble as is being suggested by his colleague Chris Joye.
He gives his views on the real estate market fundamentals and explains that small business is “still doing it tough” which means the economy will still “do it tough” for a while.
He sees “flatness” in our economy for a while and expects a “tough” budget in May as we may have some “tough” times ahead.
I found it interesting how the usually eloquent Mr. Bouris used the word “tough” so often in this interview, however I believe he has his finger on the pulse of small business and there’s a message in the words he’s using.
He also gives his views on what’s a head for interest rates, suggesting they will stay where they are for a while.
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