Ominous signs in Australia

#2557 … dd171fc571

#2558 … downwards/


podcast … gomery.mp3 … partments/

another interesting sign … ?t=2762040


Really interesting perspective about retirement develops at the 40 minute mark, I hadn’t thought about the inability in a falling market to raise the downpayment that developers would need to begin.

I reckon the Irish Fair Deal scheme could be adapted further to bridge that gap. It would actually allow people stay out of nursing homes longer if they can transition to a semi independent living developments.


Darwin bites the dust … m/10048784

nearly a 20% drop and its still totally crazy for a place like Darwin


The usual stashing of assets overseas. They also create their own brands and sell through their own channels (vertical integration).
The thing is though a lot of that land is only worth something if you have the water and mineral rights.
Large regions of Australia are suffering from long-term climate change.

#2563 … 4z1xf.html

Old(ish) news but the mentality only a months ago was totally different - buying single bricks in a house as an investment.
Backed by a major bank.

#2564 … 61e8cea0d7

#2565 … 126-h18e42

#2566 … num=&view= … num=&view=

GDP 0.3% for the quarter, expected 0.6%, previous 0.9%

Bracket creep holding things down because of very poor income growth.
GDP is now positive because of non-discretionary spending … :open_mouth:

The crash hasnt even begun. 2019 will be a economically dark in the sunny country and it will last a few years.


Aussie politican singing in Parliament…I enjoyed this…

#2568 … -standards

#2569 … 50l7i.html


Is this true?


Prepare for hard landing in Australian housing market, OECD warns
Australia should start preparing for house-price induced downward spiral - OECD
‘Yeah, nah’: The OECD has its eye on Australia’s property market and it’s worried

House of cards - very good detail
With about 55% of the wealth of Australians tied up in property, fear is mounting that the downturn in housing could affect the broader economy.


If the OECD are saying it, it’s already too late.

#2573 … ic-button/


Falling interest rates didn’t reverse Ireland’s crash.


10.40am post on the stock market live page … 199pr.html


~not surprising given their nothing to see BS over the last 10 years … 219-h199q5