Australian Housing Bubble Is Worse Than “Experts” Are Claiming – What You Need To Know!

Josh Sigurdson talks with author and economic analyst John Sneisen about the housing bubble situation in many cities across Australia, mainly Sydney as well as the overall issues with the economy.
The annual home value growth in March of 2017 in Sydney was 19%. It has now decreased by 1% which shows somewhat of a turn around.
Interestingly, Sydney makes up for nearly half of Australia’s economy!
HSBC’s chief economist for Australia, Paul Bloxham recently warned that the housing rally is almost over, but he claimed that it will be a soft landing. Well we’ve heard that before.
While Australia’s localized housing markets aren’t as bad as places like Norway or Vancouver and Toronto for example in Canada, it’s bad and will continue to get worse. It’s that trick illusion of growth in value when risk rises astronomically, dooming the uninformed involved.

John breaks down the problems with Australia’s GDP when comparing construction GDP to agriculture GDP. Due to the fact that we have so many Australian viewers, we find it important to continue to spread the message of individual liberty, self sustainability and financial responsibility to those living “down under.”

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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World Alternative Media
2017

“Find the truth, be the change!”

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7 Comments

  • kieran franey
    Reply

    In the mines up in the Pilbara region of WA (Western Australia) the huge dump trucks in the open mining mines are being driven by someone in an office in Perth over 2000 km south of where the truck actually is.

  • john sobieski
    Reply

    when I was in Sydney a few years ago, I could not believe how expensive a one bedroom apartment was. my friend was living out in Canterbury, and he paid over 700.000 AUD for a two bed , two bath apartment. it was insane. prices were just as bad as Vancouver. gee, I wonder why lol

  • kurjan100
    Reply

    … and NSW Police now issued with repaid fire long arms under the umbrella of public safety, even though we have never really had a serious terrorist attack. Meanwhile the states are cracking down on public gun ownership. Militarisation of Police happening right now.

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