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by Boo_Randy
The central bankers’ insane housing bubbles are starting to burst. Trillions in fake “wealth” created by the tsunami of central bank funny money is going to be vaporized.
www.macrobusiness.com.au/2022/06/sydneys-house-price-crash-has-arrived/
The latest data suggests that Sydney’s house price crash has begun.
CoreLogic’s daily dwelling values index has Sydney leading the nation’s dwelling downturn with values falling 1.5% over the quarter.
Sydney’s auction clearance rate has also collapsed into the mid-50s. This suggests that buyer demand has evaporated and points to further house price falls.
See also Gary Wagner on rate hikes, inflation, and the gold price
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See also I’m thinking we could be tiptoeing here into a market crash…
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