Share on Facebook Share on Twitter Share on Reddit + - Adelaide Brighton warns on housing bust By Houses and Holes in Australian Economy, Australian Propertyat 9:52 am on May 9, 2019 | 8 comments Another building materials supplier bites the dust: Much worse to come. Share on Facebook Share on Twitter Share on Reddit + - YOU MAY ALSO BE INTERESTED INMacquarie goes all in on housing recoveryVia Macquarie equities: “multiple catalystsMelbourne's McMansion meltdown develops huge glutBy Leith van Onselen Last month, Research4Weekend auction clearances analysisVia Westpac: Given the intense focus onInflation expectations fall to record lowBy Leith van Onselen Following the crashing Comments Stewie GriffinMEMBER May 9, 2019 at 10:05 am Online real estate broker Purple Bricks is pulling out of Australia: “Everyone feels pretty devastated and drained. A few people who don’t have mortgages and are not tied up financially, they took it more lightly,” the NSW-based agent said. “I’m not in a financial position to take a break from work. I’ve got two mortgages and have no rental returns. I feel depressed.” Ouch! https://www.domain.com.au/news/purplebricks-closure-in-australia-shocked-its-own-employees-835728/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos5&ref=pos1 myne May 9, 2019 at 10:15 am > Increased competition for cement imports?! How is that profitable? How is it not cheaper to produce a very heavy material locally?! myne May 9, 2019 at 10:28 am Oops wrong spot. ColinMEMBER May 9, 2019 at 11:45 am There’s talk floating of Cement from China for Snowy 2.0 as well…… Labour, HR & EPA? Timmeh May 9, 2019 at 3:07 pm I think what you meant to say was “LOL!” [email protected] May 9, 2019 at 12:21 pm WTAF? shareholders gunna grump up bigly I’m thinkin’ https://www.afr.com/business/mining/miner-pumps-more-cash-into-slumping-property-market-as-iron-ore-soars-20190425-p51h27 Lenny Hayes for PMMEMBER May 9, 2019 at 2:48 pm Da fuq is going on there ?! Timmeh May 9, 2019 at 3:12 pm I was scratching my head why a resource company would be building apartments. Then I saw the name of the CEO. Chinese can’t help themselves with their infatuation with property.