Ominous signs in Australia


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.


FYI Hungry Jacks = Burger King … 50o20.html


The opal tower fiasco should open a few eyes to shoddy standards of self regulations. … 9be5f2de57

It has some nuggets on shoddy standards in NZ also

#2584 … c/10678444 … 50p6b.html


How convenient…

APRA to remove interest-only benchmark for residential mortgage lending … ge-lending


and talk of quantitative easing (if needed in the future) … 54486.html




Really shocking stuff - lend more to prop up an unsustainable bubble. Strongly reminiscent of 2008/09 in Ireland. Next they’ll be accusing some academic of ‘talking down the economy’!


And like Ireland the majority of voters will agree


The AUD dropped to 67cent to the US dollar temporarily overnight before regaining some of the drop. Hell of a drop. Just what would happen if they actually dropped rates and implements QE ?

Time to get some Euros? Or USD?

#2592 … 19pcn.html


Aussie Finance minister


Australia braces for hard landing in housing market … -1.3749277

#2595 … r/10702000

Job losses come next … gdp-2019-1

#2596 … 50qd5.html


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

#2598 … f78404524e

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


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.


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