Australia Real Estate WORST DROP In A Lifetime! Central Bank Suggests QE!

Australia’s economy is heavily reliant on real estate. Perhaps not as much as Canada but it’s certainly a big component as households rely on excessively leveraged home ownership schemes to buy ever-increasing real estate. The average household is unable to afford their current lifestyle because the debt has become so excessive. In the recent past, we have finally seen a change that will unravel the Australian economy from the inside out.

 

For those in Australia, please give us an update on the situation? Prices still declining? Home inventory building up? More or less For Sale signs?

 

Reserve Bank says rate cuts and QE possible as Australian housing enters ‘uncharted territory’ – ABC News (Australian Broadcasting Corporation)

www.abc.net.au/news/2018-12-07/reserve-bank-raises-prospect-of-rate-cuts-or-even-qe/10593562

House prices: Australians loses $145 billion in housing wealth

www.news.com.au/finance/economy/world-economy/australias-lost-145billion/news-story/a0360794fc05982b57c3c8d665c9bbff

Housing market crash: OECD sounds warning on falling house prices

www.news.com.au/finance/economy/australian-economy/oecd-warns-australia-to-prepare-contingency-plans-for-a-severe-collapse-in-the-housing-market/news-story/19d35f6461b01ae456162a3208277c50

10 myths making us complacent on looming ‘economic armageddon’

www.news.com.au/finance/economy/australian-economy/ten-myths-making-australians-complacent-about-looming-economic-armageddon/news-story/af3d79eda0006e0f7005295a3103ec87

Negative gearing changes ‘could tip Australia into recession’, warns John Symond – ABC News (Australian Broadcasting Corporation)

www.abc.net.au/news/2018-12-12/housing-industry-insiders-issue-negative-gearing-warning/10602484

Australia-2018-OECD-economic-survey-overview.pdf

www.oecd.org/economy/surveys/Australia-2018-OECD-economic-survey-overview.pdf

 

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