Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

March 8, 2019 | Australian Property prices Falling in 2019

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Borrowing heavily to spend beyond income and speculate on asset prices has been a global compulsion over the last 20 years.  When banks and big corporations blow up on reckless risk-taking they’ve received bail-outs from governments funded by taxpayers and more debt.  When households blow up there’s little help to offer and deep recessions tend to follow.  Australia and Canada are facing similar challenges today for similar reasons, with no easy out in sight.  This video report offers a good update on the Australian cycle and a heads up for Canada in 2019.

Down, down prices are down in the property market in Australia. Thousands of houses that should have sold last year are still unsold in early 2019.  Here is a direct video link.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

March 8th, 2019

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.