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follow Patrick 2018 Apr 15, 7:12pm
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'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."
Australian housing market 'powder keg' could blow if interest rates rise