Australia, like so many other countries has seen an influx of hot money into their countries, to buy up real estate, land, and resources. The people of Australia have been happy to see their real estate value go up so they can use it like a bank account. The only issue is when a small change, can cause such a massive disruption.
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Sources Used in This Video:
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Home loans: ‘Mortgage stress’ is cropping up in Australia’s richest suburbs
http://www.news.com.au/finance/economy/australian-economy/severe-mortgage-stress-is-cropping-up-in-some-of-australias-richest-suburbs/news-story/ee41e8bdff03d137405f7845f51d65d1
$100 tipping point for 57% of mortgage holders
http://www.brokernews.com.au/news/breaking-news/100-tipping-point-for-57-of-mortgage-holders-235519.aspx
2017 Best Home Loans from 3.44% | Compare 3,000+ Deals | RateCity
http://www.ratecity.com.au/home-loans/best-mortgage
chartoftheday_11268_america_s_disappearing_workforce_n.jpg (960×684)
Citi Is Bringing Back One of the Most Infamous Bets of the Credit Crisis - Bloomberg
https://www.bloomberg.com/news/articles/2017-09-26/as-synthetic-cdos-roar-back-a-young-citi-trader-makes-her-name
20171001_cdo4.png (630×361)
chs-chart1-9-22-2017.jpg (620×659)
2017.09.29 - Obamacare Img.JPG (1386×688)
This robot may be your next real estate agent | Fox Business
http://www.foxbusiness.com/features/2017/08/09/this-robot-may-be-your-next-real-estate-agent.html
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Australia, keep a very close eye on those interest rates. That's a key indicator right now. The same goes for everyone else.
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In Canadazthan, we don't need to worry, the economy is booming:
Thanks for the stimulus package:
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What a joke!
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