Australia had seen decade of housing price increases. A mild stutter during the Financial Crisis didn’t stop the major cities from zooming ahead. We see the same thing which has happened in Canada as an example. There have been many excuses for why housing has accelerated to new highs. Each country has their own talking points but instead, why not just tell the truth? Easy monetary policies which then became even easier, extremely loose lending standards, and increased appetite for risk. All together, we have created a monster.
Housing market crash continues as Sydney house prices drop to July 2016 levels
https://www.news.com.au/finance/economy/australian-economy/melbourne-house-prices-fall-at-fastest-quarterly-pace-on-record-as-sydney-enters-new-territory/news-story/e79281df6b5274a79793ad81941a7edb
Sydney house prices fall at fastest rate in 20 years | Australia news | The Guardian
https://www.theguardian.com/australia-news/2019/jan/24/sydney-house-prices-fall-at-fastest-rate-in-20-years
Australian new home sales tank again | Business Insider
https://www.businessinsider.com.au/australia-property-market-new-home-sales-hia-2019-1
Housing market: 2019 ‘may be worse’ for property, house prices
https://www.news.com.au/finance/real-estate/buying/housing-market-falls-may-be-worse-in-2019/news-story/1ac365cc99fb76cbebb2fad2f0b2d419
House prices fall: ‘Negative equity’ terrifies Aussie homeowners
https://www.news.com.au/finance/real-estate/selling/one-million-aussies-could-become-prisoners-in-their-own-home-as-falling-prices-put-them-in-negative-equity/news-story/1921b57f528eee0629ac52ab390b5816
Melbourne and Sydney house prices plunge further in January | Australia news | The Guardian
https://www.theguardian.com/australia-news/2019/feb/01/melbourne-sydney-property-prices-plunge-january
4F0EFB8500000578-6053367-This_is_the_shocking_graph_showing_how_household_debt_levels_hav-a-4_1534384227207.jpg (634×387)
Home-prices-global-Oct-18_0_0.jpg (500×287)
Banking Royal Commission: ANZ defends HEM benchmark
https://www.news.com.au/finance/business/banking/its-fair-to-say-we-havent-asked-enough-questions-anz-says-shortcuts-taken-in-loan-approvals/news-story/a819ccbdcb939b985babde4f5f99ef5b
David Flanagan on Twitter: "Where credit goes so do house prices. Makes next weeks release of the Banking Royal Commission Report and its recommendations all the more critical. #ausbiz #ausecon #RBA $audusd… https://t.co/YZayzenTQN"
Tougher lending rules dampened home sales in 2018 | Your Mortgage Australia
https://www.yourmortgage.com.au/mortgage-news/tougher-lending-rules-dampened-home-sales-in-2018/259470/
Pending home sales drop in December despite much lower interest rates
https://www.cnbc.com/2019/01/30/pending-home-sales-drop-in-december-despite-much-lower-interest-rates.html
BC Home Sales Decline 25% in 2018
http://www.bcrea.bc.ca/docs/news-2018/2018-12.pdf
Britain's property market set for another bleak year as Brexit bites
https://uk.finance.yahoo.com/news/britains-property-market-set-another-bleak-year-brexit-bites-111858044.html
Kyle Bass on Twitter: "Wealthy Chinese are running again - precious stones — diamonds, sapphires, etc were 53% China’s total imports from Hong Kong in Nov(up from 2.9% early 2018). But sales of jewelry(watches, clocks, and gifts) were down 3.9% in HK same period. Same as pre-deval 2015 and 2016#china"
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