60% + national housing price crash example, page-21

"Why the risk ?????" if Australia has a goldilock economy and house prices is inflated due to chronic shortage, unstoppable boat loads of immigrants, chinese buying up suburbia across the nation, higher quality dwellings than the rest of the world LOL, too many homeless pushing up prices and WE ARE DIFFERENT like Americans have squinty eyes and Irish are arhh...bad drivers.

We all know that the single biggest risk (I would say the only serious risk) is the over laden housing bubble and excessive lending. The banks here don't lend much to business.

This article (good find) just tells us the big elephant in the room (THE GREAT AUSTRALIAN HOUSING PRICE CRASH) is going to take the country down.

By denying the release (we all know why APRA is so angry about Westpac), it's simply sweeping the problem under the carpet to buy a bit of time.

The really bad news I guess is the risks was already very serious without GFC MKII and offshore funding crisis.

Plenty of bargains for sure.