Category Archives: Australia

58% of Australians Worry About Their Mortgage, 42% Worry About Becoming Homeless

58% of Australians Worry About Their Mortgage, 42% Worry About Becoming Homeless – Mish Talk https://moneymaven.io/mishtalk/economics/58-of-australians-worry-about-their-mortgage-42-worry-about-becoming-homeless-hCNFwB5p5U-cioYfU8MVdA/ Re-posted from Mish Talk. Geoff Geoff Comments: Apparently the catastrophe they are worried about is real…

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A Housing Bubble Pops: Update on Australia

A Housing Bubble Pops: Update on Australia | Wolf Street https://wolfstreet.com/2018/08/01/house-price-bubble-sydney-melbourne-australia/ Re-posted from Wolf Street. Geoff Geoff Comments: The bubble burst and there is nowhere to go from here…

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Mortgage Prison: Sydney Home Prices Suffer Largest Annual Decline Since 2008

Mortgage Prison: Sydney Home Prices Suffer Largest Annual Decline Since 2008 – Mish Talk https://www.themaven.net/mishtalk/economics/mortgage-prison-sydney-home-prices-suffer-largest-annual-decline-since-2008-tZlmCh8jK0aWzie4NHh-Tg/ Re-posted from Mish Talk. Geoff Geoff Comments: Sydney homeowners who are highly leveraged will find out what a mortgage prison is when their leverage collapses… … Continue reading

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“It’s Our Version Of The GFC”: Aussies Face Looming ‘Interest-Only’ Crisis

“It’s Our Version Of The GFC”: Aussies Face Looming ‘Interest-Only’ Crisis | Zero Hedge https://www.zerohedge.com/news/2018-07-22/its-our-version-gfc-aussies-face-looming-interest-only-crisis Re-posted from Zero Hedge. Geoff Geoff Comments: With 1.5 million Australian families in homes paying ‘interest only,’ each raise in interest rate put more Australians … Continue reading

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It “Hit the Mortgage Market Over the Head with a Baseball Bat”

It “Hit the Mortgage Market Over the Head with a Baseball Bat” | Wolf Street https://wolfstreet.com/2018/07/11/sydney-house-price-bubble-mortgage-market-royal-commission/ Re-posted fromWolf Street. Geoff Geoff Comments: Australia has more than its share of real estate woes… with no relief in sight…

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Pompeo wants to switch Australian ambassador to South Korea

Pompeo wants to switch Australian ambassador to South Korea – CNNPolitics https://www.cnn.com/2018/04/24/politics/pompeo-harry-harris-south-korea-ambassador/index.html Re-posted from CNN. Geoff Geoff Comments: Pompeo asserts himself at the State Department… Good…

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Australia to build one of the world’s biggest batteries

Australia to build one of the world’s biggest batteries | News | Al Jazeera http://www.aljazeera.com/news/2018/02/australia-build-worlds-biggest-batteries-180223152223515.html Re-posted from AlJazeera. Geoff Geoff Comments: Australia is thinking big…

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The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy

The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy | Zero Hedge http://www.zerohedge.com/news/2017-11-24/partys-over-australias-56-trillion-housing-frenzy Re-posted from Zero Hedge. Geoff Geoff Comments: All real estate bubbles burst, it is the time for Australia’s housing bubble to burst…

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Why Australia’s Economy Is A House Of Cards

Why Australia’s Economy Is A House Of Cards | Zero Hedge http://www.zerohedge.com/news/2017-11-15/why-australias-economy-house-cards Re-posted from Zero hedge. Geoff Geoff Comments: Like politicians, it’s not what they say, it’s what they do… With countries, it’s not how it appears, it’s the underlying … Continue reading

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Australia’s 100-Year-Old Automobile Industry Just Closed Down

Australia’s 100-Year-Old Automobile Industry Just Closed Down – NBC News https://www.nbcnews.com/business/autos/australia-s-100-year-old-automobile-industry-just-closed-down-n812756?cid=public-rss_20171021 Re-posted from NBC News. Geoff Geoff Comments: Australia’s Auto industry has been on the wane for years, finally reaching the point of being unsustainable…

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