Eyes are currently on China as the next housing bubble to burst, but there may be another lurking to the south.
Broyhill Asset Management (via Market Folly) point out that Australia appears to be showing the same signs of bubble that the U.S. did prior to its collapse, and that its growth has continued long after the U.S. correction.
Australia has been able to keep up the bubble charade because of an easy credit period. Sounds somewhat familiar, no?
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