Australia Real Estate TUMBLES as Sydney Down 14%! Interest Rates Already At Rock Bottom!

The Australian real estate crisis continues. Every month it seems as though the numbers get worse. Prices are falling further and further, slowly but surely. Even though interest rates are at rock bottom today, prices have still been very weak. This is a good example of how bubbles cannot last forever.

Australian property downturn spreads as most capital cities record falling values - ABC News (Australian Broadcasting Corporation)
https://www.abc.net.au/news/2019-04-01/australian-property-price-downturn-spreading-corelogic-finds/10957996
Housing Downturn Loses Some Steam With CoreLogic National Home Value Index Down 0.6% In March
https://www.corelogic.com.au/news/housing-downturn-loses-some-steam-corelogic-national-home-value-index-down-06-march
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Australia Interest Rate | 2019 | Data | Chart | Calendar | Forecast | News
https://tradingeconomics.com/australia/interest-rate
Australia's Best Mortgages | Home Loans from 3.44% | RateCity
https://www.ratecity.com.au/home-loans/best-mortgage
'We've never seen it as bad as it is': Researchers warn of rising mortgage stress - ABC News (Australian Broadcasting Corporation)
https://www.abc.net.au/news/2019-04-05/researchers-warn-of-rising-mortgage-stress/10972682
Morgan Stanley says Australian home prices aren't close to bottoming | Business Insider
https://www.businessinsider.com.au/australia-house-prices-downturn-seasonal-patterns-2019-3
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What the Rest of the World Can Learn From the Australian Economic Miracle - The New York Times
https://www.nytimes.com/2019/04/06/upshot/australia-lessons-economic-miracle.html
Assessing the Risk of the Next Housing Bust – IMF Blog
https://blogs.imf.org/2019/04/04/assessing-the-risk-of-the-next-housing-bust/