The mid-to-late 1950s residential bubble was followed by Prime Minister Menzies’ 1961 “credit squeeze”.
60 years on, is this is a better analysis than we get today about the result of real estate booms? I think so. It invokes the 1880s bubble and the 1893 depression.
1. PDF version
AFR-6-April-1961![](https://thedepression.org.au/wp-content/uploads/2021/10/AFR-6-April-1961-2-462x700.jpg)