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Australia Real Estate Bubble?

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.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.