Safe as houses? Not if you live in Australia

[fahdforex]

 

55 years of increasing house prices in Australia is about to end and trigger a collapse in the country’s economy, it has been spurred on by governments, the media and cheap credit from banks

According to Jonathan Tepper, one of the world’s property bubble experts, Australia is experiencing the biggest property bubble in history. It has lasted 55 years and seen house prices increase 6556% since 1961. “It is the only country we know of where middle-class houses are auctioned like paintings,” he observed recently. 

When it crashes Australia’s economy is likely to crash too, as it’s the only sector which has driven GDP growth. It’s one of those rare opportunities traders relish. The volatility in the market will be big and increases the chance of making a huge gain from an investment.

You can thank State and Federal governments for this opportunity. They have done everything they can to fuel the housing market to boost Australia’s economy. Doing so has offset the decline in the value and volume of its chief exports iron ore and coal. In return, economic growth provided governments with tax revenue and proof to voters of the success of their policies.


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