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.
This cycle is on target to dwarf all others. To find out why, and how to invest to great advantage with this cycle in mind, watch this brand-new forecast tutorial, which premieres today.