A report from News.com.au on Australia. "Australia could be the 'first domino to fall' in a global economic crisis for the first time in its 200-year history, according to economist John Adams, Digital Finance Analytics founder Martin North and Irish financial adviser Eddie Hobbs, who argue Australia’s economy is looking increasingly similar to Ireland’s prior to the 2007 housing collapse."

"Mr Hobbs slammed 'daft' Keynesian money printing policies for the idea that 'you can print growth and solve a structural problem of excessive debt with more debt.' 'Those that avoided the GFC bullet unhappily ingested the vast ' misallocation of mispriced capital that has flowed from global central banks,' he said."

"'Australia is top of the pile and is systemically significant. Much like Ireland ingesting mispriced capital caused by the aftermath of German reunification which stoked the Irish bubble, Australia has had a similar steroid after the GFC and precisely at the wrong time.' Mr Hobbs believes Australia is 'likely to be one of the first to crater' in the 'destiny with excessive debt that is coming, in the so-called everywhere bubble.'"

"AMP Capital chief economist Dr Shane Oliver said we had 'heard these doom and gloom stories lots of times before.' 'We’re not like Greece or Ireland. It’s a huge difference.'"

From Nine News. "A local Melbourne council has come under fire over a 'horrendous' development which has left residents living just metres from an ugly grey wall. She no longer goes on her balcony, which is now almost within touching distance of the neighbouring development. 'It's just like I live in a jail,' Betty Ma told A Current Affair."

"Another resident, Anthony, said he feared the value of his apartment had plummeted as a result of the construction. The wall is approximately 3.4 metres from his balcony, and he has lost his view of the Brunswick skyline. 'We put our faith in Moreland Council not to approve stuff like this,' he said."

From Domain News. "Capital city housing prices are falling faster than at any time in the past decade and a half, official figures show. Prices dropped 5.1 per cent on average across the eight capital cities over the year to the December quarter. This was a steeper decline than at any time since the ABS began keeping records in 2004, including during the global financial crisis when prices dropped 4.6 per cent annually in the March quarter of 2009."

"Sydney prices fell 7.8 per cent over the past year, worse than the 5.3 per cent drop in the December 2008 quarter. Melbourne lost 6.4 per cent, eclipsing a 5.4 per cent fall in the December 2011 quarter."

From ABC News. "Australian property values fell $133.1 billion in the December quarter, with capital city home prices down an average of 2.4 per cent across the nation."

"'Investors were a key driver of price growth through their upturns and the fall in investor demand is now underpinning the decline in prices,' BIS Oxford Economics senior manager Angie Zigomanis said. 'The weakness in prices and likely concerns about further falls will continue to play on purchaser sentiment through 2019, with further price falls in Sydney and Melbourne expected.'"

The Property Observer. "An Exmouth, WA residential land parcel has been sold for a 60% price reduction on its 2008 sale price. Originally listed in October 2018 with price guide of $109,000 the land holding sold on March 13 for $78,142. Marking a $130,000 price reduction on it's 2008 sale price when it traded for $208,000."

"It was unsuccessfully listed in 2013 and 2014 for over 150 days on each occasion. When listed during those years the holding had an asking price of $177,000 and $179,000. The median price for a home in Exmouth, WA is $405,000 according to CoreLogic."