Update on the Spreading Housing Bust in Australia, and Why it’s Happening by Wolf Richter • Apr 2, 2019 • 48 Comments This bubble was not pricked by the central bank — on the contrary.
Risks of Financial Instability “Appear to Be Elevated But Contained”: Australia’s Central Bank on Housing Bust by Wolf Richter • Mar 20, 2019 • 44 Comments Crackdown on lending shenanigans and bank misconduct plus an onslaught of new condos at worst possible time worry the RBA.
State of the World’s Biggest Debt Slaves: Americans Wimp Out in 11th Place by Wolf Richter • Mar 9, 2019 • 131 Comments And where do Chinese consumers fit in?
THE WOLF STREET REPORT by Wolf Richter • Mar 3, 2019 • 75 Comments Another Global Financial Crisis, with China at the Epicenter?
Home Prices in Sydney & Melbourne Spiral Down, Bust Spreads. IMF to Regulators: “Reinforce Financial Crisis Management” by Wolf Richter • Feb 28, 2019 • 61 Comments Bitter irony: Government told first-time buyers 5 months before bust began to “get into the Sydney housing market”; once in, “you’re pretty well set for life.”
Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath” by Wolf Richter • Feb 20, 2019 • 111 Comments What banks & housing markets in Sydney and Melbourne are facing in 2019.
I’m in Awe of How Fast the Housing Markets in Sydney & Melbourne Are Coming Unglued by Wolf Richter • Feb 1, 2019 • 77 Comments “Can we still describe this as an orderly slowdown in housing conditions?” CoreLogic
As Investors Flee Australia’s Housing Bust, Sales of New Houses Plunge to Record Low by Wolf Richter • Jan 21, 2019 • 46 Comments But first-time buyers cling to hope.
The Housing Bust in Sydney & Melbourne, Oh My! by Wolf Richter • Jan 2, 2019 • 45 Comments But it wasn’t the central bank that pricked the bubble; its interest rate is at a record low!
“Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks by Wolf Richter • Dec 10, 2018 • 94 Comments “Authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if they don’t topple, the economy will get hit.
