Property bust rattles Australia’s record-breaking economy

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Property bust rattles Australia’s record-breaking economy 22 February, 2019 | Australia News A row of newly built apartment blocks is seen in the suburb of Epping, Sydney, Australia February 1, 2019.

Property bust rattles Australia’s surging economy.. Property classifieds sites Domain Australia Holdings Ltd and News Corp-owned rival REA Group as well as furniture seller Nick Scali are also feeling the negative effects.

 · AUSTRALIA is in the midst of the greatest credit-fuelled real estate bubble the country has ever seen. When it pops it’s going to devastate the economy, and quite possibly take the big banks.

As property prices rocketed toward the heady peak of Sydney’s real-estate boom in 2017, the bulldozers came to Epping. Eucalypt-lined streets of red-brick bungalows in the middle-class suburb were snapped up at hefty premiums by developers, razed, and quickly remade as apartment blocks.

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The Australian markets are expected to start strong this week on the back of stock gains in the US and Europe, but data is likely to show a further slump in house prices.. Property bust rattles.

Ranquist secures loan for Lincoln Park mixed-use project News | McCaffery – Real Estate for Breakfasts’s Phil Coover sits down for a cup of coffee with Dan McCaffery of McCaffery Interests. Dan explains how he went from a college student in Canada to running a hugely successful real estate development and full service real estate firm in Chicago, Illinois, that has successfully completed over $2 Billion of commercial real estate developments.

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Property bust rattles Australia’s surging economy On: february 26, 2019 PHOTO: Prices in the Epping area have already fallen more than a fifth from their peak in August 2017, according to data from Corelogic, the steepest falls in Sydney.

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Property bust rattles Australia’s record-breaking economy Friday, 22 February 2019 By Tom Westbrook SYDNEY (Reuters) – As property prices rocketed toward the heady peak of Sydney’s real-estate boom in 2017, the bulldozers came to Epping.

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