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There are more and more reports that Australia is about to feel the burst of a housing bubble. An Australian treasury official warned of a bubble (via Forex Live). According to the multi-decade graph, Australian property prices jumped quickly, much faster than OECD countries.

Mish writes about how the Australian have “partied out” – comparing the Australian home market to be bunch of drunkards partying and messing up the streets.

The RBA has recently surprised with a rate hike, in order to tackle rising inflation. According to various housing figures, such as home loans and building approvals, the situation isn’t that bad…

I’m still bullish on AUD to USD.