#RealEstate #Property #HeiseSays A housing crash in 2020 is one of the top 20 risks for the global economy. References https://au.finance.yahoo.com/news/is-australian-property-heading-for-a-crash-012110570.html
Arrear rates are at the highest level they have been in a decade, with WA taking the lead.
#Economy #Recession #HeiseSays Liquidators are taking on more staff and preparing for growth in 2020. Not a good sign for the economy. References Business is booming for liquidators and that’s a bad sign for everyone else https://www.abc.net.au/news/2019-11-15/business-is-booming-for-liquidators-and-that-is-a-bad-sign/11705492?section=business https://insolvencynotices.asic.gov.au/browsesearch-notices https://www.afsa.gov.au/statistics/annual-statistics
#RealEstate #Property #HeiseSays Housing Affordability is now being used to create fear of missing out. References Housing affordability in Australia has slumped, ANZ CoreLogic report reveals Inflation and Housing Housing affordability in Australia https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability Rich are getting richer, but stagnating wages mean income inequality is steady https://www.abc.net.au/news/2019-07-12/household-income-and-wealth-abs-data-shows-rich-are-richer/11302696 6523.0 – Household Income and Wealth, Australia, 2017-18 […]