4min chapter

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Marvellous Melbourne And Australia's Darkest Depression — Graeme Davison

The Joe Walker Podcast

CHAPTER

Sydney's Boom and Bust

Sydney had its own booming bust in inland prices that paralleled Melbourne's I guess the Melbourne meth sort of juts out of the historical record because it was so extreme. Was that connected in any way to what was happening in Melbourne or was did that occur for separate reasons? Well, it gets underway. Sydney begins to have economic difficulty from about the mid 1880s. The building societies much more catered towards the middle class and lower class. And when the bearing crisis occurs, that sort of cuts the flow of credit.

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