Australian house prices are likely to fall, as debt loaded Australians can no longer afford to borrow more to buy real estate. That is the latest warning from controversial Kingston University economics professor Steve Keen, who had predicted a 40 per cent Australian home price crash in the wake of the financial crisis. He also has some contrarian views on US President-elect Donald Trump's economic plans and China's private debt problems.
Source: PM | Duration: 15min 52sec
No comments:
Post a Comment