The Australian Housing Bubble Is Ready To Burst! – Home Prices Skyrocket

Josh Sigurdson talks with author and economic analyst John Sneisen about the alarming rate at which Australian home prices are rising as the real estate bubble proves to be more volatile than ever.
Home prices in Australia have risen the most in 7 years as massive market manipulation takes place forcing even the middle class to rent rather than buy homes.
The average home values in capital cities surged 12.9% in March alone. This is a startling development.
The annual home value growth in Sydney, Australia was 19%.
John Sneisen goes into the interest rates, inflation, market manipulation and the issue of corruption regarding Credit Default Swaps and Collateralized Debt Obligations as banks offer packages with a couple good deals mixed with a huge amount of terrible deals.
As John points out, your house is not an asset. Yes, you can invest in realty and can be quite successful with it, but your home as it is, is not an asset and people run into a lot of trouble believing such misinformation.

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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14 Comments

  • Zhelyo Zhelev
    Reply

    Hey there, I am living in Bulgaria and I want to ask you what about agriculture land, it is quite cheat in my country compare with the real estate. What do you think about that?

  • Linda Fukuyu
    Reply

    The bottom line is hold your thought of buying the property at the moment unless it’s necessary.  The price is subject to a huge correction any time soon.  Sooner than you ever thought !

  • doug aussie
    Reply

    There are a few problems, 1. investors, this is driven by the buy a dump do it up and sell it or rent it out tv shows as well as if you buy 20 houses and rent them out you can become rich. 2. investors again, but foreigners particularly chinese who love our property, but nothing new there I think the Japanese used to do it when they were on top. 3. supply. Supply of housing is the biggest issue, if 1000 people want houses but there are only 500 houses, then the price goes up, bubble or no bubble. The ONLY real force that will deflate bubbles is a recession in which unemployment goes above 9% in my opinion.

  • wesfax1
    Reply

    its not to make people feel wealther…its control through debt. They fueled greed in one generation at the expense of another. This was orchestrated. They are switching world power base west to east and trying to standardize incomes… to the lowest common denominator.

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