Not just Spanish property- could be poor old Oz now!

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    Profile photo of angie
    angie
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    An interesting article in http://www.moneyweek.com is predicting that Australia’s highly inflated housing bubble is about to crash, even mentioning by as much as 60%

    It seems that many countries consider that inflated property prices mean a healthy strong economy, they seem almost totally reliant on ‘higher property prices mean people are richer and will spend’ when in fact these high prices an individuals’ wealth are purely a myth đŸ™„

    This mineral rich country has succumbed to property inflation as the ‘be all and end all’ of wealth methinks rather than their natural resources and Koalas đŸ˜¯

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