Home > Best assets to sell > The Dingo has run over the edge of the cliff

The Dingo has run over the edge of the cliff

Australia is having a Wile E. Coyote moment.  House prices have stalled or gone backwards.  Stock is flooding the market in anticipation of a downturn in house prices – but there are no buyers.  Properties are being withdrawn from the market.

The only buyers for prestige properties are drug-dealing Aussies, or bankers or Chinese.  And the Chinese face a brutal uphill battle now on the exchange rate. 

This is going to get ugly in Australia.  Time to bunker down for winter.

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Categories: Best assets to sell
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