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The Australian Housing Bubble Has Popped

http://www.businessinsider.com/australian-housing-bubble-popped-2011-4

by freakwit • 15 years ago

3 1 15 years ago

BU

businessinsider.com

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light3• 15 years ago

That's a very bold thing to claim, Australia is a very big place, cities such as Sydney and Melbourne were doing well last year, Sydney still reported positive growth for the last quarter.

Although the Jan/Feb lending figures were indeed indicative of a slowdown, for NSW(where Sydney is) at least, they have rebounded somewhat in the latest AFG figures: http://corporate.afgonline.com.au/idc/groups/public/document...

AFG is a mortgage broker responsible for 10% of lending in Australia, their figures are updated monthly and are a good leading indicator of the slower official government stats.

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