Predictions, forecasts, expectations and projections: they’re all fancy ways of explaining the educated guesses that we make about the future of our property investments and wealth. Of course, some of us are more educated than others.
For instance, had you listened to HSBC Australia and New Zealand chief economist Paul Bloxham in 2013, you’d have heard him correctly predict: “Australia’s housing boom is just beginning”.
What does Bloxham anticipate for 2016, then?
He expects another rate cut within the first quarter of 2016, in an effort to keep inflation within the preferred 2-3 per cent range'