Monday October 26, 2020

Boom and bust cycle is the same Down Under

If its vastly overheated property market is anything to go by, Australia is heading for a serious crash, writes David McWilliams.

18th November, 2012
2
The Aussie property market has been defying gravity for years now.

I am sitting in a small cafe watching an ancient, wizened former Anzac soldier placing a flower in remembrance of his fallen comrades at the cenotaph in Martin Place in central Sydney. The man must be 90 at least, but he is standing erect, two bright medals on his chest. Who is he remembering, or what horrors is he hiding?

The monument full of poppies marks the thousands of Anzac soldiers who died in the two...

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