The Australian Real Estate Bubble is Officially Number One
The chart below is from a great article by Alberto Gallo of Algebris Investments, read it here. So, Australia takes first place, but I would rather we were not on the list at all. But to listen to the real estate industry here in Sydney, there is no bubble in sight. Instead, there is a looming housing shortage. And that’s with up to 300 construction cranes on the skyline. I’m with Alberto.