Australia Property

[greengiraffe]

Mate,

U are half empty... I used to be like you... i feel like expandables...

The world needs more optimistic folks... ie more gutsy blokes...

If we keep being pessimists, the world will pass us by...

Australia is a country where there is freedom of speech... everyone will talk will write research papers and in the end the execution will be this, that and nothing...

No Vested Interests
Just Focus On Making $
GG

Murray Inquiry will shed light soon and AU gov will have to decide on next step to take in December. From the local property forum discussions, many prop investors are already slowly deleveraging by selling props.

Article below should shed some light on the precarious situation of AU Banking sector.

[Image: 225739-ad44e91c-2dcc-11e4-8424-141fab601c36.jpg]

Reserve Bank takes aim at mortgages

Noteworthy :
"the banking regulator this week revealed total assets had grown to $4 trillion — that is backed by just $207bn of capital."

"The big four already have to hold common-equity tier-one ratios of at least 8 per cent by 2016, which they claim is high and some like NAB and ANZ are under pressure to achieve given looming headwinds."
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Upcoming speech David Murray 1/12/2014

Ball likely to drop then.
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Boon - Mining Booms and the Australian Economy
Very long article but good reading. If history is any indicator at all, this time round post boom its worse - AUS has low inflation(means rest of economy is crap) and high AU dollar.
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NZ/SG/HK Govs all realise the risks involved and have done good job with cooling measures. Aus usually just bust spectacularly until the next mining boom comes around