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Replying to Avatar StackSats.IO

The UBS/Credit Suisse Global Wealth Report has #AUStriches in second place for median wealth, only behind Luxembourg, and fifth in average wealth globally. This situation will not last.

Household debt to GDP is beyond where Ireland got to before their bubble burst (pic 2), and the propadee market is already valued beyond Japan’s peak (see below).

Do not invest more in Aussie real estate than you can afford to lose.

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Garth 10mo ago

I’ve been telling my family the Aussie property market is a bubble for over 15 years now, I’m beginning to look like Peter Schiff 🙄

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StackSats.IO 10mo ago

Schiffy will never live to see his predictions come true. You and your family will 😬

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