Australian Housing Market ‘Bloodbath’
I dont disagree. The only way we avoid this is if the Aussie dollar falls to around its pre mining boom lows of 47.7c, which is increasingly looking unlikely.
No one knows exactly what is going to happen. If they did, they wouldn’t tell you and they would be a billionaire. All you can know is whether there is fear or greed, and with John Fraser and Glen Stevens warning of bubbles and crazy activity, you can pretty much be sure that we are at or approaching peak greed.
The secret to creating long lasting wealth is to avoid losing money. To do this you must be fearful when others are greedy and greedy when other are fearful. Banking and housing at present are exceptionally close peak greed and should be avoided like the plague.