Australian house prices fall at ‘fastest rate’ since 2008 financial crisis

by Boo_Randy

Once again, the central bankers have blown ginormous speculative housing bubbles that pose systemic risks to national and global financial systems. Once again, these bursting bubbles are going to wipe out trillions in make-believe “wealth” created by fake money. Once again, our globalist Quisling “leaders” will force taxpayers to cover the gambling losses of their bankster pimps.

https://www.abc.net.au/news/2022-08-01/house-prices-dive-july-corelogic-report/101286770

House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are “likely to worsen” as interest rates continue to rise, according to property analytics firm CoreLogic.

The latest data shows that the nation’s median property value has dropped by 2 per cent since the beginning of May, to $747,182 (a figure which includes houses and apartments).