Bank Shares, page-17

This a very pertinent topic.  The economic imbalances that have manifested themselves within the Australian economy due to the financialisation of real-estate are at record and unsustainable levels.

We are in the midst of a bubble (unprecedented in size for this country in real terms) Australia wide, and like all bubbles, almost all it's participants will have their heads stuck in the sand/ be in denial regarding the gravity of the situation (as exemplified by some of the participants of this discussion thread)....until it's too late.

Here's one example of many sources that point to a fiasco here in our lucky country:

https://www.academia.edu/31725578/T...ks_Houses_Debt_and_Vulnerability_in_Australia


It's a matter of when not if.