Australian house prices down 1.1% Q-o-Q

Last week I said I would do a better job of tracking the Australian housing market as my prediction for 2012 is that it is a bubble which will pop. Here's what I wrote in January as Surprise #5 on my list of 2012 surprises:

Australia’s housing bubble will pop: I was just thinking about this in the context of Ireland. Ireland has seen prices in Dublin fall 65% peak to trough. That’s enormous, Japanese-style asset price deflation. No wonder Ireland is in a depression. In 2005, when the hous...


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