>“To put the market’s extraordinary movements into perspective, home prices in Sydney are 25.4 per cent higher since the onset of Covid in early 2020.

>In Brisbane, they’ve surged 55 per cent on pre-pandemic levels, while in Adelaide they’re 57 per cent higher and in Perth they’re up 56 per cent.”

Considering that as a starting point, those forecasts are bleak.

Young people are going to be forced to leave which means foreign capital will be increasingly required for Boomer exit liquidity but the tax base will be fukt as these immigrants they’re piling on are net negative.

Highest entrenched inflation in the OECD plus lowest rental vacancy rate, second highest immigration, household incomes have reverted 13 years, with household debt second only to Norway.

People have been saying for ages the bubble will burst soon™️. I don’t know, I just know productive people won’t want to live here and wade through this mess which will mean a really sick two tier society and it won’t be the Australian any of us remember.