Seeing reality and recognizing self-destructive behaviour in others is usually easier than seeing our own. Canadians have an opportunity for objectivity in observing Australia. Many similar factors are weighing down the Australian and Canadian economies today as their shared 2001-2011 commodities boom cycle and 2002-2017 secular real estate/credit expansion proceed through an equal and opposite period of mean reversion in both countries.
In this video, Martin North of Digital Finance Analytics goes over the latest news & data points affecting the Australian Housing Market. This is our monthly segment to dig a bit deeper into what is taking place in our backyard. We’ll also examine the Australian economy and what we can expect moving forward. Here is a direct video link.
Also see the Globe’s article yesterday Bubble trouble: in Vancouver’s housing market, pain has set in.
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