Leading lender says brace for recession, prepare for take-off in 2024
In a wide-ranging keynote address to the UDIA National Congress 2023, one of Australia’s foremost financial advisors described how lenders are discounting heavily to retain borrowers, predicted a recession, and said late 2024 would be the time to invest in property.
Mark Bouris, Chairman of Yellow Brick Road Group, delivered compelling economic forecasts and surprising insights into the current lending landscape at the UDIA National Congress staged in Perth. (Image source: Shutterstock.com)
One of Australia’s foremost financial advisors has warned Australians to brace for a recession but prepare for a property market that will rebound strongly in late 2024.
Mark Bouris, Chairman of Yellow Brick Road Group and a Member of the Order of Australia (AM), on Tuesday (28 March) told attendees of the Urban Development Institute of Australia’s National Congress 2023 that the Reserve Bank of Australia (RBA) will not stop its cycle of interes…
