‘A Warning for Property Investors in Australia’

And for the broader Australian economy (jobs!).
Investment in the Australian housing sector has become a frantic activity, and prices have soared. This has been accompanied by a construction boom, particularly of large multi-family developments. But that construction boom is now creating a ballooning oversupply ‘up and down the East Coast of Australia,’ warns Roger Montgomery, Chief Investment Officer of Montgomery Investment Management in Australia, in the short video below, ‘Property Implosion?’

This post was published at Wolf Street on Dec 30, 2016.