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.
https://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.