The Australia Housing Bubble fears are making USA headlines with CNBC reporting on the Bets against Australia's Big Four banks and concerns that the Australia property market is about to crash.
Australian real estate price-to-income ratio in Australia makes the American housing bubble in the lead up to 2007 look positively moderate," Jonathan Pain, publisher of investment newsletter, The Pain Report, told CNBC's "Street Signs."
Date: May 24 2016, 13:47
Hedge Funds bet against Australia’s Big Banks in record numbers amid rising concerns that the country's property prices could be about to fall off a cliff. Watch this chilling CNBC video.
Published by: CNBC
Reporter: Leslie Shaffer
Category: Australian Real Estate
Video: Watch on YouTube - Watch on YouKu
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