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Australian Middle Class Getting Wiped Out by Astronomical Money Laundering = Fake Housing Growth !

1,922 views · Published 22 October 2017 · 5:11 · Indexed 31 October 2026

Channel: Mike Martins · 2017 · News & Politics

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My Opinion: Australia is Doing the Exact thing Canada and New Zealand and the UK and the Blue states of America is doing ! They are competing for laundered money from Mainland china to prop there economies via Housing ! the second a rate hike hits 50% of the Middle class across the commonwealth will be under water ! - Mike Martins 

Article Reads :
Amenities like Streets Beach in the South Bank Parkland a major drawcards to the Brisbane inner city. Picture: Supplied.

BRISBANE’S dwelling price growth is expected to mirror that of Sydney next year, with new forecasts seeing the city more than double its pace to a high of 7 per cent.

The projections came off the latest SQM Boom & Bust Report, released Thursday, which also dispelled fears of a property crash in Sydney and Melbourne.

“Brisbane’s property market will experience slightly stronger gains than those posted in 2017,” said SQM housing expert Louis Christopher, “with property prices forecast to rise between 3 per cent to 7 per cent.”

What was holding Brisbane back from a higher rate of housing price growth was “the persistent overhang of surplus property listings”, he said.

The report also eased fears of a deep housing correction in Sydney and Melbourne, crediting the actions of regulators to rein in rampaging investor borrowing for those cities’ survival.

Brisbane is expected to see its housing growth go as high as 7 per cent next year. Picture: AAP Image/Claudia Baxter.

“The authorities were right to take action earlier this year to restrict investing lending by banks. Failure to have taken action would have resulted in out-of-control Sydney and Melbourne housing markets, where additional aggressive monetary policy may well have triggered a large fall in dwelling prices in 2018,” he said.

The forecasts assumed that there would be no change in interest rates next year, a stable exchange rate and that existing restrictions by APRA on investment lending remained in place.

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