The AUSSIE housing crash Just like the nationwide US housing...

The AUSSIE housing crash

Just like the nationwide US housing crash, Sydney and Melbourne both have massive question marks over them.
Is Sydney property really that in demand for it to outbid London.

No offence to Melbournians. They have their own set of problems though on a smaller scale.

Compare the US to Sydney and Melbourne, there’s only one difference. The GFC was nationwide - for us its down to one city.

If the NY property market crashed would it have been as bad as it was. No. It wont be. It was contained to one city.

Sydney on the other hand is Australia's largest city by any number, so its a fair call to say Sydney runs Australia not Canberra.

Sydney is Australia’s largest economy, what California is to US. Sydney employs the most number of people.

A housing crash will have serious ramifications for the rest of the country.



Consider this 6 million homes our of the 10 are on loans.

"And the banks, at the behest of the regulators, are moving to reduce the growth in investor lending’.

The regulators are the IMF in this case, who control the Australian Federal Reserve and its policies on lending and other such matters.

But you already knew that.


dyor.....