Relevant:
- Shades of 2006: That's What Australia Housing Bubble Looks Like From US Perspective
- "No Risk Of Housing Bust" - Australian CB
- Global Bust II - Perfect Storm for Australia; How Safe is Australia's Banking System?
- Australia in Recession; Spending Slide Spreads from Housing to Service Sector; Australia's Double Whammy; US Dollar Safe Haven?
- Competition Further Reduced in Australian Mortgages
2010-09-13 — blogspot.com
Smack in the face of a US housing bust and an enormous property bubble in Australia, Australian lenders are offering up to 105% mortgages.
It is amazing to see sheer stupidity played out on the assumption "It's Different in Australia".
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