The Role of Availability Entrepreneurs in the Australian Housing Market

The Australian housing bubble peaked in October 2017. Prices went sideways from Australia escape the Great Recession for a number of reasons. But one of the things people were saying to each other during both phases of the bubble was house prices in Australia double every seven to ten years. Success stories that they hear are propagated through availability entrepreneurs. The myths that gets perpetrated in any bubble is that you can't lose, this asset class never goes down in price.