No it’s all good nothing to panick about really.
chickenlittlea5 RBA has been asleep at the wheel. Instead of applying the foot to the break pedal 4 years ago, they waited and then slammed the hand-break on once the housing market had already gone off the cliff. Then they released it as we’ve been hurtling down. afc
Aus government will only want to focus your attention on being recession free for decades and the unbroken economic growth. Falling property prices will create an atmosphere of falling wealth and ultimately reduced spending to go with stagnant wage growth.
The market was overinflated before all this. 12 times the average yr income in Sydney is not sustainable without massive debt. What happens when the near inevitable recession hits? History tells us it’s due.
chickenlittlea5 That’s what happens when investment is driven into an unproductive asset.
Cash rate in the past caused the hike in house prices, wage increases lead to higher inflation, vilifying banks resulted in great difficulty getting a loan. Low interest rates on savings makes it nigh impossible to get a house but we are told it is our sovereign right to own one.
Time to unleash more subprime loans?
That;s how free economy works. Let all the bullshit happen freely and then show concern and find out another crap as a move forward!!!
Ok, so can we now drop the “orderly unwind” BS? This is what bubbles do. They blow.
this what happens when the economy is driven by ponzi negative gearing overpriced real estate .....it has to collapse at some stage........
Reserve bank is a business or it would ,not scare the hell out of people ,where is freedom
Wait until Labor’s negative gearing and CGT changes kick in 😂
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