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Australian housing market 'powder keg' could blow if interest rates rise

By Patrick following x   2018 Apr 15, 7:12pm 783 views   3 comments   watch   sfw   quote     share    


http://www.abc.net.au/news/2017-07-17/housing-market-powder-keg-could-blow-with-rate-rises/8714674

'Gravity starts to catch up with stupidity'

Respected Deloitte Access Economics analyst Chris Richardson was less diplomatic in his assessment of Australia's real estate risks.

"Housing prices: Gravity starts to catch up with stupidity", he titled his latest report.

"Don't forget that today's heroes – NSW and Victoria – have clay feet.

"A house price boom borrows growth from the future, and both NSW and Victoria will have to pay back some of that in the years ahead as today's housing prices gradually reconnect with reality."
1   APOCALYPSEFUCKisShostikovitch   ignore (35)   2018 Apr 15, 9:06pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Fugitive PRC Army officers will be raping blond chicks on Bondi Beach and buying crashed condos with dollars by this time next year.
2   bob2356   ignore (3)   2018 Apr 16, 5:50am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Patrick says
Australian housing market 'powder keg' could blow if interest rates rise


Australia housing market is nuts but that was probably the stupidest article I've ever read even when taking into consideration the really shitty reporting that laughably passes as journalism in Australia.
3   HowdyThere   ignore (0)   2018 Apr 16, 6:26pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

"Neither UBS nor Deloitte Access are forecasting a house price crash, however both see the risks of such an outcome increasing."

The usual. Not calling for a disaster, but recognizing the possibility. Weaseling out of making the call, but want credit if it happens.




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