Ominous signs in Australia


#2594

Australia braces for hard landing in housing market

irishtimes.com/business/eco … -1.3749277


#2595

abc.net.au/news/2019-01-09/ … r/10702000

Job losses come next


businessinsider.com.au/aust … gdp-2019-1


#2596

smh.com.au/business/the-eco … 50qd5.html


#2597

A good time to snap up a public sector job if you’re currently in real estate.


#2598

ft.com/content/94d92078-130 … f78404524e

100k price reductions, free ipads and rental guarantees to try and nab some buyers!


#2599

They already have found their economist to blam talking down the economy - Steve Keen.
He, like McWilliams, was many years early.
But he, too was right and it’s going to be a mighty collapse. It’ll be interesting to see what el gov in Oz does, they’re much more invested in the bubble than even Irish governments were.


#2600

Weird, just opened the page and this ad for buying property in Australia with a foreign mortgage popped up. Spreading the net wider.
imgur.com/a/5oV6ivq
I hadn’t looked at this thread since the last post and I’m browsing from England, is it popping up in Ireland?


#2601

reuters.com/article/us-aust … SKCN1P803G


#2602

#2603

Expert warns Australia could turn into slums in 20 years | 60 Minutes Australia

Opal Tower Turmoil | A Current Affair Australia

Sense of Déjà Vu watching these.


#2604

^ just watching this now, aye carumba. The Oz version of Priory Hall


#2605

12.07pm smh.com.au/business/markets … 1b399.html


#2606

Train wreck TV


#2607

Surprise, surprise. The worst negative equity is in the new developments in far out suburbs, where people got high LTVs to “get on the ladder”. Sounds familiar.


#2608

smh.com.au/business/banking … 50z7z.html


#2609

‘Let the bloodbath begin’: House prices in Sydney and Melbourne ‘could halve’ in worst crash since 1890s
news.com.au/finance/economy/australian-economy/let-the-bloodbath-begin-house-prices-in-sydney-and-melbourne-could-halve-in-worst-crash-since-1890s/news-story/5918ea13042d5f819cb13c77629f060a

report from twitter.com/linzcom

‘Irresponsible’ agents blamed as top end property plunges by 40pc
afr.com/real-estate/irresponsible-agents-blamed-as-top-end-property-plunges-by-40pc-20190222-h1bllg


#2610

news.com.au/finance/real-es … 193bed7850

The bit in bold is part of the ever growing list of reasons why mainstream media has lost

This will be huge. It hasnt really begun either.


#2611

afr.com/real-estate/irrespo … 222-h1bllg


#2612

Australia recently lost 50,000 direct jobs in car manufacturing
smh.com.au/business/the-eco … kx1c8.html
its 90,000 or so since 2014 approx
news.com.au/jobs-and-8-bill … 0ecb49d7fd

amazing what a property bubble can mask


#2613

I don’t know if you’re a Kath and Kim fan but this line always hit home on the whole Australian Dream aspiration.

:smiley: