IMF: [Australian] Economy 'vulnerable' to property overheating

Discussion in 'Property Market Economics' started by Peter2013, 14th Dec, 2019.

Join Australia's most dynamic and respected property investment community
  1. Peter2013

    Peter2013 Well-Known Member

    Joined:
    24th Aug, 2019
    Posts:
    230
    Location:
    NSW
    Economy 'vulnerable' to property overheating

    With property prices now surging at one of the fastest paces on record in Sydney and Melbourne, IMF has warned regulators to be ready with macroprudential tools.

    What can we expect in 2020?

    Will it be a repeat of 2017/18 where regulators over correct and burst the debt fueled Melbourne and Sydney property bubbles?

    Will the correction be more mild or more severe than 2017/18?
     
    Peter2013, 14th Dec, 2019
    #1
  2. Waterboy

    Waterboy Well-Known Member

    Joined:
    29th Aug, 2015
    Posts:
    2,841
    Location:
    Denial is Not a River in Egypt
    what's new?
     
    Waterboy, 14th Dec, 2019
    #2
  3. spoon

    spoon Well-Known Member

    Joined:
    17th Nov, 2016
    Posts:
    1,768
    Location:
    Time-dependent
    Since John Howard s day... :D
     
    spoon, 14th Dec, 2019
    #3
    TSK likes this.
  4. Harris

    Harris Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    940
    Location:
    Melbourne
    Peter is back with more of his 'loaded' questions...

    The choices in his polls and questions remind me of the "Have you stopped beating your wife?" question and you can only respond in 'yes' or 'no' !!!! Try answering that now :)

    So is this going to be a hard landing or the bubble will burst slowly...Are you all going to lose your shirts or both the shirts and undies..

    BTW, I have been seeing this coming from IMF from pre GFC era - google IMF & Aus property and you will see this going back to 2006.. verbatim.
     
    Harris, 15th Dec, 2019
    #4
    craigc, Lacrim and Perthguy like this.
  5. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    So... when will the Australian property market finally crash, 2020 or 2021? ;)
     
    Perthguy, 15th Dec, 2019
    #5
    Harris likes this.
  6. Kangabanga

    Kangabanga Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,497
    Location:
    Brisbane
    Not happening , we arent at zero rates nor in recession yet.

    Would be interesting to see how the fires and drought are gonna affect prices this coming year. Gonna be really hot dry and full of ash in the air this summer.
     
    Kangabanga, 16th Dec, 2019
    #6
  7. Serveman

    Serveman Well-Known Member

    Joined:
    17th Apr, 2017
    Posts:
    1,424
    Location:
    North West Sydney
    Look, I will just say that when you become more globalised in your economic policies you are going to find it harder to manage the issues that matter domestically.
    The last Sydney and Melbourne boom went for a long time and currently the wage to house price ratio is not good in these cities. If wages growth remains flat and unemployment rises then trouble will come. Immigration policies may come back into play and currency values.
     
    Serveman, 17th Dec, 2019
    #7
  8. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,386
    Location:
    Australia
    Last edited: 17th Dec, 2019
    Trainee, 17th Dec, 2019
    #8
Investment properties sent straight to your inbox