Expensive properties drive Australia’s house price bust

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by Boo_Randy

Greedy speculators who levered up on debt to buy insanely overpriced houses because “real estate only goes up” are facing their financial wipeout in the globalist looting colonies of Australia, New Zealand, and Canada. Coming soon to a Fed-blown housing bubble near you.

www.macrobusiness.com.au/2022/05/expensive-properties-drive-australias-house-price-bust/

After leading price growth over the pandemic, Australia’s most expensive homes are now driving the nascent property price bust.

According to new figures released by CoreLogic, the top 25% of homes by value fell by 0.5% in the April quarter, versus a 2.1% rise in values across the middle 50% and a 3.6% rise across the most affordable 25%:

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