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TOPIC: Expert warns Australia could turn into slums in 20 years

Expert warns Australia could turn into slums in 20 years 09 Feb 2019 15:09 #1

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Housing and banking expert Martin North North has criticised developers and the housing industry for “throwing up” high-rise buildings at such alarmingly fast rates. He warned viewers that significant defects and safety concerns are imminent.
Everyone is entitled to his own opinions, but not to his own facts. - Daniel Patrick Moynihan
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Expert warns Australia could turn into slums in 20 years 09 Feb 2019 16:48 #2

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It’s no secret that Australia is experiencing a downturn in the property market. But for Aussies who own their own home or have a mortgage, there’s worse news. Many believe calling it a downturn is foolishly optimistic – the slump we are in is more like falling off a cliff. On 60 MINUTES, Tom Steinfort speaks with real estate and finance experts who predict property prices could slide by as much as 40 per cent in the next year. And if they’re right and numbers like that eventuate, there’s only one certainty: our entire economy faces catastrophe.


Bricks and slaughter: Part one - Exposing Australia's housing crisis


Bricks and slaughter: Part two - Exposing Australia's housing crisis

Everyone is entitled to his own opinions, but not to his own facts. - Daniel Patrick Moynihan
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