Bad debts are at historic lows, and it’s proving a big windfall for the big four. But you have to think, if house prices had gotten so high and had the consumer stretched to breaking point, you’d expect bad debts at the big four to be rising, not falling!
I have no doubt that when Aussie property prices crash, it will be a specular fall. But right now, I can’t see that happening for a few more years yet.
We hear so much, about how high Aussie property prices are. That Australia hasn't had a recession in two decades and one is due.
The property mid-cycle slowdown is due soon. A lot of ‘tall’ buildings will open up in 2019. And other things that are the biggest, longest or tallest.
Parker says there's a property market ‘calamity’ coming. And he’s not alone. We had two calls for an Australian economic collapse last week.
Speculation about whether Australia’s property market is in a bubble never goes away. But, as we noted, it all depends on where you live.
Barely a day goes by without yet another call for the great Australian property ‘bubble’ to burst. Of course, not everyone thinks it’s a bubble.
It’s not the right time in the cycle for a bust. A mid-cycle slowdown is coming. Then the market will take-off again. A major bust is still years away.
Every other month, some investment bank or fund manager comes out and calls the top in housing. Last month it was global investment banking giant UBS. Based on its indicators, UBS believes housing activity has peaked. That we should…
In today’s Money Morning…what happens next in the Grand Cycle...how to lose $4.46 billion in six months...why you should be wary of shorting Tesla…a simple equation you must understand…and more...