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AUSTRALIA HOUSING CRASH! Property Prices Fall 40%!

3,649 views · Published 27 April 2017 · 9:43 · Indexed 24 October 2026

Channel: Mike Martins · 2017 · People & Blogs

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"it's an investment you have to remember if you're buying a property for investment then you're not buying it for your family"

— Mike Martins

AUSTRALIA HOUSING CRASH! Property Prices Fall 40%!

Breaking housing market news coming in from Down Under! Reports from Western Australia reveal property values falling by as much as 40% in some areas as unemployment rises, household debts mount, and families struggle to keep their homes.

Western Australia was once one of the country's strongest economic regions, supported by the mining and resources boom. Now Perth's property market is facing falling values, oversupply, and financial distress.

One former project engineer reportedly earned $250,000 annually before losing his high-paying career and taking part-time security work. After borrowing nearly $1 million during the boom, he's now fighting to save his family home.

This is exactly why I've been warning viewers about excessive household debt and treating housing as a guaranteed investment.

Could Perth's housing downturn spread to Sydney, Melbourne, Auckland, or Tasmania?

What happens when property values fall but the mortgage debt remains?

I also discuss negative gearing, capital gains tax, housing speculation, government intervention, and the danger of taxpayers being left to absorb financial losses.

I explain why I left Vancouver, where average detached homes were beyond my reach, and purchased a more affordable home outright in a small Canadian town.

For me, protecting my family comes before property speculation.

Are we finally seeing the beginning of Australia's housing market correction?

Comment below, especially if you're watching from Australia or New Zealand!

— Mike Martins | Mike Martins Channel | April 26, 2017

Country Main archive subjects
Australia Perth downturn, mining bust, mortgage debt, property oversupply, Sydney and Melbourne warnings
New Zealand Auckland affordability, potential housing correction
Canada Vancouver affordability, leaving expensive cities, mortgage-free homeownership

#housingcrash  #perth  #australianrealestate  #housingbubble  #westernaustralia  #sydney  #melbourne  #auckland #mortgage  #mikemartins  #housingmarket

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