Surprise: a real estate bubble is about to explode in AustraliaSurprise: a real estate bubble is about to explode in Australia

So far away and so happy. This is what so many people think of Australia today. However, this image of Australia’s felix risks tarnishing if the prediction of some analysts who are not at all attracted by the ocean should actually occur. According to these experts, the real estate market bubble is likely to break out soon in Australia. The point was raised by Ariel Bezalel , Head of the Fixed Income Strategy of Jupiter Asset Management.

According to the analyst, the blissful isolation that has long characterized Australia, keeping it safe from the last serious crises, could soon become a memory. Bezalel has revealed how his company has been monitoring the weakening of the real estate market in Australia for some time. During this operation it emerged that a slow credit crunch is occurring in Australia which could even worsen in the next. Basically there is nothing really new under the dole because, recently,

Morgan Stanley herself had stated that the eventual collapse of Australian real estate could put an end to an expansive economic phase that in Australia lasts from the beauty of 27 years !. In practice, for Australia, a long honey can soon be finished, which has done nothing but feed the myth of this land in all the last years.

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The similarities between the current situation of the Australian real estate market and that of the US real estate market before the outbreak of the subprime-triggered crisis are incredible. As in the USA, even in Australia until recently, mortgages to buy a housethey were granted at low rates. In other words, the banks active in Australia up until a few months ago granted loans even to those who did not present personal data of particular reliability. As was the case at the time in the US, at some point this broad-mesh policy was changed. In a nutshell, after an initial permissive phase, Australia’s banks have become much more restrictive on home purchase mortgages.

An important real estate project in Australia will accept Bitcoin paymentsAn important real estate project in Australia will accept Bitcoin payments

It is located in the Moreton Bay region, north of Brisbane, one step away from the railway line leading to the Sunshine Coast and is just 35 minutes away by train Brisbane’s central business district. In about half an hour it is also possible to reach Brisbane’s domestic and international airport terminals by car. It is one of Queensland’s fastest growing urban centers, and companies such as Westfield, Ikea, Costco and Bunnings have already established locations in the area.

Dakabin Crossing covers a total of 3.75 hectares, and when completed in 2020 will also contain a commercial hub. Despite being still under construction, the Dakabin Crossing agents have already sold around 45 homes with traditional money. Another 40 homes will soon be completed, available since last month with Bitcoin.

Linzen Property Group, the Dakabin Crossing real estate developer, is led by entrepreneurs with decades of experience in the technology and development industry, who have already completed numerous projects in Australia, South Africa and Dubai. Linzen Property Group has confidence in the future of Bitcoin as a currency and value transfer tool.
This new payment option is another way for Linzen Property Group to serve its customers to the fullest. Embracing this new technology, Linzen will also allow international customers to access the Australian real estate market. Linzen Property Group can proudly claim to be the first company in Australia to allow the purchase of homes with Bitcoin.
In Dakabin Crossing there will also be a swimming pool and barbecue area, a shopping center, and a park for the exclusive use of residents.