Property prices drop nationally again, with Sydney diving 6pc annually and regional Australia following suit

by Boo_Randy https://www.abc.net.au/news/2022-10-03/property-prices-corelogic-rents-september-2022/101495078 Property prices are continuing to fall nationally as interest rates hit, with key capital city housing markets diving up to 6 per cent in the last three months alone. CoreLogic data shows that in September properties were sold …

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Concerning reason for huge lines outside bank in Sydney revealed

by Boo_Randy Can you spell “contagion” boys & girls? I knew you could…. https://www.news.com.au/finance/economy/world-economy/concerning-reason-for-huge-lines-outside-bank-in-sydney-revealed/news-story/0e012f46d08dfd3b0230a2439a093cdf Huge lines have been spotted forming every morning outside of a bank in Sydney’s CBD – and it could point to a worrying issue overseas. Lengthy …

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Sydney Couple with $840k Mortgage Fear ‘Difficult’ Financial Impact of Interest Rates Rise…

by Shanobido47 Watch Heise says here https://www.news.com.au/finance/economy/interest-rates/sydney-couple-with-840k-mortgage-fear-difficult-financial-impact-of-interest-rate-rise/news-story/c8d0bd34a7213eaa30c469f238befdce Read Article here https://www.macrobusiness.com.au/2022/03/its-official-sydneys-house-price-boom-has-gone-bust/ Read more here  

Sydney’s house price crash has arrived

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 …

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Staggering cost of providing Sydney’s public transport services could lead fares to surge

by Boo_Randy When will the sheeple make the connection between soaring inflation and Money Printer Go BRRRRR? https://www.news.com.au/national/nsw-act/news/staggering-cost-of-providing-sydneys-public-transport-services-could-lead-fares-to-surge/news-story/2c7dc7ab6e7465057f1b9750821169cd A leaked document has revealed the staggering cost of providing transport in a major Australian city – and that could mean fares …

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TIM POOL: Sydney Goes FULL 1984…

No removing your mask while drinking alcohol outdoors. https://twitter.com/disclosetv/status/1427291891381506048 TIM POOL: Sydney Goes FULL 1984 — 800 Soldiers, THOUSANDS Of Cops Deploy To Keep People Locked In Their Homes  

Housing Bubble Pops in Sydney & Melbourne, Australia

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And with impeccable timing, an immense flood of new construction. In Sydney, breeding ground for one of the world’s biggest housing bubbles, prices of single-family houses dropped 7.3% in August, compared to a year earlier. Prices …

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Housing Bubbles in Sydney & Melbourne Deflate

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Buyers are not rushing to put their name on any contracts if they fear that a property might be overpriced.” In Sydney, home prices had jumped over 80% from the end of 2009 through the peak …

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