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.
Commodities Bust Crushes Incomes, House Prices, & Rents in Western Australia by Wolf Richter • Jan 9, 2017 • 28 Comments “Ponzi finance schemes are struck firmly in reverse gear.”
Whiff of Panic among Australia’s Biggest Banks? by Wolf Richter • Aug 4, 2016 • 72 Comments “Australia’s WTF Moment.”
Hedge Funds Are Betting Record Amounts on Meltdown of Australian Banks and Housing Bubble by Wolf Richter • May 23, 2016 • 50 Comments Best way to short Australian real estate, or “widow maker trade?”
The Delusional Australian Housing Bubble by Mark Hansen • Feb 29, 2016 • 36 Comments The vested interests were out for blood.