Ominous signs in Australia


#2441

mortgagebusiness.com.au/bre … sis-powers


#2442

#2443

CBA predictions:

businessinsider.com.au/aust … cba-2018-2


#2444

https://cdn.newsapi.com.au/image/v1/4a9322dcda364e96fc08a9db6eb44eb1
news.com.au/technology/innov … 5194aad538

abc.net.au/news/2018-03-06/h … ia/9516868

abc.net.au/news/2018-03-06/n … te/9512608

sbs.com.au/news/cutting-mig … ess-report


#2445

abs.gov.au/ausstats/abs@.nsf … enDocument


#2446

businessinsider.com.au/aust … gdp-2018-3

living standards going down


#2447

abc.net.au/news/2018-03-12/b … ed/9534010


#2448

ABC Four Corners tonight (very soon) - The population debate

abc.net.au/news/2018-03-12/a … on/9535116

abc.net.au/4corners/big-aust … dy/9522444


#2449

Also on the news today, the banks are dropping interest only investor loan rates in some cases more than 100 points

afr.com/personal-finance/wes … 312-h0xciv


#2450


forexlive.com/news/!/austral … t-20180312


#2451

The big Australia (population debate) on Q & A

twitter.com/qanda


#2452

abc.net.au/radio/programs/am … rk/9541804

bizarre story gaining little coverage (heard it on AM radio) where people coming over on Skilled migration visas (i.e the supposed skills shortages) cannot find work. Calls from quangos to provide government paid internships for the migrants who cant find work so they can get ‘local experience’

seems more likely the population boom is just to keep wages down, the debate is full of vested interests


#2453

corelogic.com.au/news/marke … qeq9ueYOUm

Investor demand dropping, peaked in mid 2015, been dropping ever since. NSW had 64% of new mortgages = Investors, Sept 2017 dropped to 50%


#2454

thewest.com.au/news/australia/m … b88771880z

Liar loans and sub-prime come to mind.


#2455

and literally cash in envelopes alongside loan applications!!!


#2456

The market has slowed, really don’t think it could be described as crashing by any means.
Here is some old news that can help explain why the market is so ‘stubborn’

abc.net.au/news/2017-07-13/s … ed/8703354

Now some up to the minute news that may prove to (temporarily and yet again) prop the property market up to higher levels:

news.com.au/finance/real-est … ec3b6a1dd1

The next few months are make or break for the Aussie property market. Absolutely amazing how long these things can go on for. It truly does suck for people who hold out from the madness and those who are priced out. The ability to purchase a property provides some financial security in retirement. The bubble here has lasted a decade anyway. A significant portion of a working life.


#2457

abs.gov.au/ausstats/abs@.nsf … enDocument


#2458

abc.net.au/news/2018-03-20/w … rs/9567280

The mining investment boom drove the property market in Western Australia and once that new mine commissioning phase concluded demand for new property in the state fell as inward migration retreated severely from its peak. As Australia’s fortunes are so dependent on resource exports is the mining state the canary in the mine?


#2459

abc.net.au/news/2018-03-22/a … er/9573602

macrobusiness.com.au/2018/0 … g-improve/


#2460

smh.com.au/business/the-eco … 0xuuu.html

things starting to line up against this ponzi economy