Mortgage News

If we go back 18 months, Australia was facing some pretty dark times and many public figures put their reputations on the line.  One of these was the University of Western Sydney associate professor of economics and finance Steve Keen.  His prediction was a 2 per cent cash rate by the end of 2009, dropping to 0 per cent in 2010.

Aside from getting that profoundly wrong, Mr Keen was also the one who openly sold his house before his anticipated dramatic drop in real estate values that never happened.  In October 2008 the website Crikey said:-  ”High-profile Professor Steve Keen is forecasting Australian home-price falls of maybe 40% over the next few years (starting 2009).”

Not content with getting his predications wrong, Mr Keen is now having another go at it for 2010 again predicting his long awaited drop in property prices.

Despite getting almost every GFC prediction wrong, Mr Keen continues to be an economist and continues to be sought for comments by the Australian media.

OPeLS – Become a Finance Broker – Oasis Home Loans – Mortgage Calculators - 60 Second Home Loan Approval – Equity+