Tuesday, 27 July 2010

WORLD PROPERTY - Aussie bubble now ready to burst

Along with many informed observers, I've gazed in wonder at the Australian housing market over the past few months as it athletically rebounded from the recession ("aw, what recession, mate?") and wafted effortlessly above its price highs of 2007.

Was this, we wondered, awestruck, final proof of a new paradigm in housing?  Could the Aussies beat the Poms at cricket, cream the world in rugby AND make their house prices grow to the sky?

The answer will of course be revealed in the fullness of time, but for those who have an interest in knowing before those smug Aussies do, this excellent article in Forbes should give you a pretty good clue.