Australia’s property boom could sow seeds for debt crisis, economist warns

  • AUSTRALIA’S love affair with property is sowing the seeds for a painful debt crisis that could plunge the nation into recession, a leading economist says.

The nation sits second on a list of the seven most vulnerable countries as households load up on debt amid record-low interest rates to buy homes, shares or just hit the shops.

READ MORE VIA HERALD SUN

CASH

Australia is bracing for a debt crisis, experts warn

Comments Off on Australia’s property boom could sow seeds for debt crisis, economist warns

Filed under Australian Property & Real Estate News, Uncategorized

Comments are closed.