September 13, 2016

BUBBLES GOTTA POP: US Think Tank Warns That Australia Is About 6 Weeks Away From Housing Collapse.

Real estate prices in Australia’s largest housing markets have soared over the past couple of years fueled, in no small part, by demand from Chinese buyers looking for offshore locations to park cash. The Sydney and Melbourne markets have been the largest beneficiaries of foreign capital with real estate prices up 53% and 51%, respectively, since 2012. That said, based on data from the Australian Bureau of Statistics it looks like home prices in Australia have already started their descent.

Looks like China may have found yet another way to export its economic mismanagement.

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