Property Bubble Or Boom?

Economist Doug McTaggart's keynote speech at the New Zealand Property Institute conference in Auckland earlier this month tackled these questions.

A former professor of economics at Bond University, McTaggart now heads the Queensland Investment Corporation, which manages $A27 billion worth of assets...

With such a large portfolio under his charge, it's hardly surprising McTaggart keeps a close eye on global economic conditions. But he pays more attention to indicators such as a country's GDP than stockmarket indices because, he says, all markets are driven by the performance of the "real" economy rather than the other way around.

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