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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Discussion

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 🙄

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

I wouldn’t underestimate how far they can kick this can down the road

True, but I also wouldn’t underestimate how fragile the system is either.

Australia’s fate is no longer in Australian hands.

Yeah, agree