Man! They’ll need to take me off the plane in a stretcher when I eventually reach San Juan later this weekend. My wife too. She broke her wrist while Down Under with me. This trip to Australia – my favorite country in the world – has been exhilarating and exhausting… and jet lag’s a bitch (even worse heading east).
I used to visit once a year, helping attendees of the road show understand the incredible demographic profile they have – the best in the developed world – and warning of the inflating real estate bubble. People would swarm me during breaks, telling me how they loved my demographic and cycles work, but that they didn’t believe their property market was in any danger.
Limited land. Strong immigration. It’s easy to understand why Australians weren’t worried about any bubble. But I kept warning, and now the bubble’s bursting.
Since prices began dropping, my annual trips to Australia have turned into bi-annual trips. Finally, they’re starting to listen. And they don’t like my message.
I share it with you in today’s video, so listen now.
Despite my negative outlook on Australian real estate, as you’ll hear in the video, I have several bullish forecasts for the country as well. They have the strongest Millennial generation of any developed country and they’re perfectly positioned on the rim of the next boom zone.
Before signing off for the weekend, one last, but important, thing: A big thank you to all my Australian readers and listeners. Your hospitality is a breath of fresh air. I’ll be back in November.