Bronwyn Gallacher discusses Australia's Australian Housing Bubble Is Worse 1 month ago   04:34

Share
CGTN America
CGTN's Rachelle Akuffo spoke with Managing Director of CCL Consultants Bronwyn Gallacher about Australia's alarming economic growth slowdown

Comments Comments

Add Reply

Australian Housing Bubble Is Worse Bronwyn Gallacher discusses Australia's 1 month ago   13:47

Share
Josh Sigurdson talks with author and economic analyst John Sneisen about the housing bubble situation in many cities across Australia, mainly Sydney as well as the overall issues with the economy.
The annual home value growth in March of 2017 in Sydney was 19%. It has now decreased by 1% which shows somewhat of a turn around.
Interestingly, Sydney makes up for nearly half of Australia's economy!
HSBC's chief economist for Australia, Paul Bloxham recently warned that the housing rally is almost over, but he claimed that it will be a soft landing. Well we've heard that before.
While Australia's localized housing markets aren't as bad as places like Norway or Vancouver and Toronto for example in Canada, it's bad and will continue to get worse. It's that trick illusion of growth in value when risk rises astronomically, dooming the uninformed involved.

John breaks down the problems with Australia's GDP when comparing construction GDP to agriculture GDP. Due to the fact that we have so many Australian viewers, we find it important to continue to spread the message of individual liberty, self sustainability and financial responsibility to those living "down under."

Stay tuned for more from WAM!


Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Thore Stub Sneisen


Graphics by Bryan Foerster and Josh Sigurdson


Visit us at www.WorldAlternativeMedia.com

LIKE us on Facebook here:
https://www.facebook.com/LibertyShallPrevail/

Follow us on Twitter here:
https://twitter.com/WorldAltMedia

FIND US ON STEEMIT:
https://steemit.com/@joshsigurdson


Buy Tickets For The Much Anticipated Anarchapulco 2018 Below And Save 10% By Using Promo Code "WAM"!
https://anarchapulco.com/

BUY JOHN SNEISEN'S LATEST BOOK HERE:
Paperback
https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602
Kindle
https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1

DONATE HERE:
https://www.gofundme.com/w3e2es
Help keep independent media alive!

Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
https://www.patreon.com/user?u=2652072&ty=h&u=2652072

BITCOIN ADDRESS:
18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU


World Alternative Media
2017

"Find the truth, be the change!"