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TheGladiator

8,709 Posts.

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01/09/15

21:10

Post #: 15916111
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Originally posted by AnDy62 ↑

Extract:

"Mr. Watling said a recession in Australia was likely within the next 12-to-18 months due to what he described as, “probably the most obvious bubble in global housing.” It wouldn’t take much, he said, to cause the market to pop. Recent restrictions on bank lending to property speculators could be the trigger.

Damien Boey, an analyst at Credit Suisse in Sydney, said a severe downturn was possible even if the housing market simply cooled a little, for instance if interest from Chinese buyers waned due to the country’s deteriorating economy. “There’s a decent chance of recession over the next year,” Mr. Boey said. “We just have to see house prices flatten out to get much more bearish on growth.”

http://www.wsj.com/articles/is-australia-sliding-into-recession-1441091988

Google if blocked.

A recession is a fair chance of happening over the next 12 months imo. The $64k question is whether housing can continue to fire?...

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And why would restrictions on bank lending be the trigger?
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