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Friday, December 09, 2016

Former bank boss David Murray warns of disastrous property crash (AU)

http://thenewdaily.com.au/money/property/2016/12/08/david-murray-bubble/

When we get a momentum in a market like this, when you get these self-amplifying price spirals, the fact they keep going on and on longer than expected is another sign that it's not very healthy." The crash, if it eventuates, would be triggered by a large number of landlords being forced to sell their investment properties all at once, thereby driving down prices, Mr Murray said.''

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