Re: Australia housing bubble
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I often wonder if another country is helping us there, by printing yet more of our money without being asked to. Quite kind and charitable of them, really.
And before a government-of-the-day admits overt “failure” to contain the over-enthusiastic efforts of mortgagees they will likely allow a range of debt softeners; I expect new titling laws permitting separate titles on granny flats, tiny minimum block sizes mandated nationally, sales of parks, cemeteries and other reserves for redevelopment, even conversions of ownership to 99 year leases with more protections than a regular lease. This latter point in conjunction with retained enthusiasm for selling our assets to overseas interests will allow the “Great Aussie Dream” to malinger a while yet.
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