Prices rose in Oz 20% in the year ended in Q1, faster than the prior clip of 13.5%. The RBA has been raising rates, in part to stem the frothy housing market.
Sometimes when the central bank raises, it pops the bubble. We saw that in 1929, 2000 and 2007.
Recent anecdotal data has led observers to say the housing bubble is bursting in the Lucky Country.
Duncan is an advisor to NetService Ventures, where he focuses on digital media and the mobile Internet.
Previously he was at four start-ups: Xumii, a mobile social service based on a Social Addressbook; SkyPilot Networks, the performance leader of wireless mesh systems for last-mile access, where he was the founding CEO; Covad Communications (Amex: DVW, $9B market cap at the peak), the leading independent DSL access provider, where he was the founding Chairman; InterTrust Technologies ($9B market cap at the peak), the pioneer in digital rights management technologies, now owned by Sony and Philips, where he was SVP Business Development and the pitchman for the IPO.
Before these ventures, Duncan was a partner at Cambridge Venture Partners, an early-stage venture firm, and managing partner of Gemini McKenna, a joint venture between Regis McKenna's marketing firm and Gemini Consulting, the global management consulting arm of Cap Gemini.
He serves on the board or is an adviser to Aggregate Knowledge (content discovery), Livescribe (digital pen), AllVoices (citizen journalism), Xumii (mobile social addressbook), Verismo (Internet settop box), and Widevine (DRM for IPTV).
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