I just got back from Australia…

A five-city tour: Sydney, Perth, Melbourne, Adelaide, Brisbane…

I was gone for 11 days… eight on the ground.

And man! What a trip.

Never mind the endless travelling or the horrific jetlag…

This was one of my best tours yet; and a particularly unusual one because I was there earlier in the year. Usually I visit Australia – my favorite country in the world – only once a year. This year, they brought me back TWICE because of what’s going on there.

“What’s going on there?”

Glad you asked…

Australia’s real estate market is now the second most overvalued in the world, with China taking first place. But cracks are growing rapidly wider and Australians are sitting up and taking notice.

It’s something we in the U.S. should worry about as well. I explain why in my video.

Harry
Follow me on Twitter @harrydentjr

Major Shifts Ahead for Real Estate in America

“Market bubbles are often a mass delusion, where investors wrongly assume that prices move in only one direction – UP! And nowhere is this delusion clearer than in real estate,” says economist… Read More>>
Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.