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
Boom and bust cycle is the same Down Under
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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say