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.”
What banks & housing markets in Sydney and Melbourne are facing in 2019.
“Can we still describe this as an orderly slowdown in housing conditions?” CoreLogic
But first-time buyers cling to hope.
But it wasn’t the central bank that pricked the bubble; its interest rate is at a record low!
“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.
“Ponzi finance schemes are struck firmly in reverse gear.”
“Australia’s WTF Moment.”
Best way to short Australian real estate, or “widow maker trade?”
The vested interests were out for blood.