Australia’s New-Vehicle Sales Drop to Lowest Since 2011 by Wolf Richter • Jan 7, 2020 • 35 Comments Holden sales collapse. “Tough Year for the Australian Economy.”
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations by Nick Corbishley • Sep 22, 2019 • 66 Comments Situation already so bad that hiding debt becomes a priority?
One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group.” Australian Subsidiary Crushed by Nick Corbishley • Aug 9, 2019 • 43 Comments This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
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.
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.
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.
“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.
Update on the Housing Bust in Sydney & Melbourne, Australia by Wolf Richter • Dec 1, 2018 • 62 Comments This is not exactly slow motion anymore.
Housing Bubble Pops in Sydney & Melbourne, Australia by Wolf Richter • Sep 3, 2018 • 59 Comments And with impeccable timing, an immense flood of new construction.
