Housing Trouble Down Under

15.03.2017 • Investing

By Kris Sayce – Port Phillip Insider (Australia) –

Trouble mounts. Not for Donald Trump, but for Aussie housing.

As the Sydney Morning Herald explains:

‘Hundreds of new home owners have been left in limbo after the collapse of a land developer in Melbourne’s outer north-west.

‘Developer Land Source Australia was placed in administration last year leaving residents of Waterford Estate unsure if key features of the estate — parks, ovals and shopping centres promised by the developers — will be delivered.

‘Bank-appointed receivers KordaMentha last week moved to sell the remaining 200-odd dwelling sites, advertising a mix of townhouse and traditional land lots for sale.’

No doubt the mainstream folks will blame this on the growth of suburbia and the suburban sprawl.

But to blame folks for buying homes in the suburbs, would be akin to blaming the victim of a burglary for the burglar’s crime.

The blame of course, lies elsewhere. It lies with those who perpetuate the ‘easy money’ financial environment.

They appoint them with features, fixtures, and fittings of a quality like no other.

What’s more, the overall quality of Aussie houses is better than anything known to mankind…not only now, but throughout history.

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