Archives for Markets - Page 2

Cranes in Sydney

The image below is compelling evidence of the property boom in Sydney and Melbourne. The cranes are everywhere, is some places one can see as many as 20 within a kilometre or two. And it seems most streets in the city have houses being demolished and replaced with McMansions. This…

More on the Growing Australian Real Estate Disaster

Perth, a city of about 2 million in Western Australia, is largely dependent upon the resource sector. With the current downturn in that sector, more people are leaving the city than arriving. This, along with higher unemployment, has put considerable pressure on house prices. I was recently in Perth and…

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