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Another month passes and another month of declines. Here we are watching the slow and steady fall. It’s not exciting because it’s expected. As I mention in the video towards … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Bitter irony: Government told first-time buyers 5 months before bust began to “get into the Sydney housing market”; once in, “you’re pretty well set for … Read more
via news.com.au: House prices could fall by more than 40 per cent in the “worst crash since the 1890s depression”, a new report warns. We’re now in stage two of the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The largest three-months fall “since at least the 80’s”: CoreLogic “Can we still describe this as an orderly slowdown in housing conditions?” mused CoreLogic Asia Pacific’s head of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But the central bank has kept interest rates at record lows! The relentlessness of the housing busts in the regions of Sydney and Melbourne – they … Read more
via Bloomberg: Prices in Australia’s largest city drop 11.1% from 2017 peak CoreLogic sees tighter credit weighing on prices this year The downturn in Sydney’s property market is set … Read more
A pool of poisonous water underneath Sydney Airport contains some of the highest levels of toxic firefighting chemicals seen on Australia’s eastern seaboard, according to test results that were buried … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not exactly slow motion anymore. In Greater Sydney, Australia’s largest housing market, the housing bust, after a terrific housing bubble, is gaining momentum. In … Read more
Those people in Australia and New Zealand, let me know what you’re seeing with real estate right now in 2018. Real estate in Australia has once again fallen further down. … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Bloodbath” and similar technical terms crop up in the media. Sales of houses and condos in Greater Sydney, Australia’s largest housing market, plunged 16.7% in October … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Every housing bubble requires the connivance of the banks and regulators. Australia is no exception. Sydney’s housing bubble, one of the most magnificent in the world, … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And with impeccable timing, an immense flood of new construction. In Sydney, breeding ground for one of the world’s biggest housing bubbles, prices of single-family houses … Read more
My friends in Australia and New Zealand, let me know what you’re seeing with real estate prices and the economy. Australia’s home prices hit record highs and unfortunately for … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Recent home buyers could be facing negative equity”: CoreLogic. In Sydney, Australia’s largest property market and Petri dish for one of the world’s biggest housing bubbles, … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Buyers are not rushing to put their name on any contracts if they fear that a property might be overpriced.” In Sydney, home prices had jumped … Read more
Look at the redacted Grassley memo. The Clinton associate redaction fits perfectly with ‘Sid Blumenthal’ and his friend fits perfectly with ‘Cody Shearer’. And it matches up with their MO. … Read more