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Old 04-07-2020, 10:14 PM   #1292
b0son
FF.Com.Au Hardcore
 
Join Date: Feb 2005
Posts: 4,999
Default Re: Australia housing bubble

Quote:
Originally Posted by zilo View Post
makes you think something is "brewing"
I just read that something like 500,000 people emptied their superannuation accounts since the government let them. Wait til September hits and Jobkeeper winds up. It's the section of the market that's predominantly populated by renters. New housing approvals are their lowest in 7 years, give that a few more months and we're going to start seeing builders going belly up en masse. No amount of building stimulus is going to put a renter in a house if they have no job....
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