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1
 How to profit from thecoming Aussie propertycrash (& banking crisis)?
Warning: Contains uncomfortable facts that you will not want to hear.
 
2
First, will there ever be a propertycrash in Australia?
 See the facts for yourself…
 
3
Why are house prices in Australia rising
far above
inflation?
Source: Steve Keen’s Debtwatch No. 33 April 2009: Lies, Damned Lies, and Housing Statisticshttp://www.debtdeflation.com/blogs/2009/04/06/steve-keens-debtwatch-no-33-april-2009-lies-damned-lies-and-housing-statistics/
Is this a bubble?

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Robbie Martinusleft a comment

Definitely worth a read!

Alan Schulteleft a comment

this is worth a quick read... maybe i should save my pennies for a year and see what the market does... i was really wanting to buy this year too...

inspiritingleft a comment

If you want to open an overseas bank account, do it discreetly. See http://tinyurl.com/y3me5g2 Also, thanks to Rudd government's deposit and wholesale bank lending guarantee, the Australian government has a contingent liability of over AU$1 trillion. See "Australian government’s contingent liability to exceed AU$1 trillion" at http://cij.inspiriting.com/?p=642

Dalticaleft a comment

If the Aussie dollar can drop to US$60c in 2008, then wouldn't a banking crisis cause it to drop even further?

JimTsolakisleft a comment

I hate to add to the gloom .. but I have been investigating the property situation here in Oz .. and some of the things that I have found are frightening. First, the banks have now provisioned (ie written off) all the bad projects like residential blocks of flats where they are half finished and the builder has gone broke. They ALL have agreed NOT to sell these project to anyone, but are sittin