AUSTRALIA’S PROPERTY CRASH HAS ONLY JUST BEGUN....
- Catherine Cashmore
- 12 hours ago
- 11 min read
Over the years, the 18-year cycle has crept into the narrative of quite a few content creators, which is good to see.
If we can acknowledge that there is a repeating boom-and-bust cycle — and understand its cause in the speculation of land and the gradual hollowing-out of the productive economy — then perhaps we can finally start working on the cure!
However, there is one error I've heard repeatedly over recent weeks: and it's that the cycle is simply forecasting a property downturn.
This leads to the familiar argument that Australia doesn’t have one property market; it has hundreds of them.
Prices might crash in one city or suburb while holding up, or even continuing to rise, somewhere else.
I’ve done several interviews for different media organisations recently where this point has been put to me.
Surely one suburb will hold up better than another?
Surely Perth can keep rising while Sydney falls?
Surely a well-located family home will behave differently from an investor-grade apartment?
During an ordinary property correction, that is true.
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