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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.
Population growth has a strong effect on a country’s economy. The impact of increased birth rates is gradual. The impact from migration is almost immediate.
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.
And despite the spate of recent headlines trumpeting a housing crash Down Under, all the ingredients for continued growth remain in place.