Australia Property

[BlueKelah]

And nothing.. I like that quote.. haha..

Always good to have diverse views. Help to rein in my optimistic view

Just calling it as it is based on what information is available.

Can't deny there is no credit/mortgage boom in AU and AU banks are very relient on housing mortgage for earnings and highly leveraged.

Mining and oil / commodity boom looks to be over for a while now.

Cautiously bearish on AU Prop ;D which may ruffle some feathers, especially those invested in SG prop counters that have significant AU exposure.