Ominous signs in Australia


#2563

smh.com.au/business/banking … 4z1xf.html

brickx.com/

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

news.com.au/finance/real-es … 61e8cea0d7


#2565

afr.com/real-estate/sydney- … 126-h18e42


#2566

abs.gov.au/ausstats/abs@.nsf … num=&view=

abs.gov.au/ausstats/abs@.nsf … 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.


#2567

Aussie politican singing in Parliament…I enjoyed this…


#2568

theguardian.com/business/gr … -standards


#2569

smh.com.au/politics/federal … 50l7i.html


#2570

Is this true?


#2571

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.


#2572

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


#2573

macrobusiness.com.au/2018/1 … ic-button/


#2574

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


#2575

10.40am post on the stock market live page
smh.com.au/business/markets … 199pr.html


#2576

~not surprising given their nothing to see BS over the last 10 years
afr.com/news/economy/moneta … 219-h199q5


#2577

Long shorts are really working out now, at least this time around I`m not a student and was able to get stuck in good and early.
news.com.au/finance/markets … 2ea2c891bb


#2578

macrobusiness.com.au/2018/1 … ent-flood/


anecdote from a comment:


#2579

Great post and article. Yikes is all I can say!

With China cracking down on the money that can be removed to countries like Australia, will this stop the gravy train of rich foreign students?


#2580

What is the future of Australia’s housing market?
3 parts


#2581

I went travelling last year to a number of countries and stayed in an AirBnB beside UNSW. I used the gym there a couple of times and got food in the University shop. Nearly every person I saw at all times walking through the campus was Asian. It was kind of shocking and I thought maybe the young Australians just weren’t too bothered with education.


#2582

FYI Hungry Jacks = Burger King

smh.com.au/business/compani … 50o20.html