Geez… sure sounds a lot like the Australian property market…

First watch this –

Declining first home buyers, low clearance rates at auctions, lack of affordability, rents staying flat, over reliance on construction… hmmm keeping in mind this warning came about in 2007 for Ireland and that the trouble didn’t really rear its ugly head in 2010… should I infer that perhaps Australia’s property market still has a couple of years left before shit really hits the fan?

Something to mull about.

If you like what Morgan Kelly is saying you might also want to read his latest piece –


About 1D

I've been fermenting in Canberra OZ for awhile now... Like all public servants I'm battling the cubicle nation... This blog will share my personal journey in which I am preparing to get out of cubicle jail... Time to be your own architect...
This entry was posted in Austrian Economics, Buy or Rent, Financial Independance, Property Bubble and tagged , , , , , . Bookmark the permalink.

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