Safe as houses? Not if you live in Australia

[marcopolo]

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. 

More details : Safe as houses? Not if you live in Australia

[Fernd]

Australia is one of the most beautiful countries in the world. The country is known for its greenery as you will see suburbs all around and the cows grazing the grass. The beaches make more attractive and you would love to stay here for a long time. Thank you!

[Noah Jackson]

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