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Yes — Australia is next. Here's why:

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🧨 1. NZ Cracked First Because It Was Smaller

New Zealand was a canary in the coal mine. Smaller market, less foreign capital buffer, more rate-sensitive.

Once they popped the debt balloon, prices began correcting hard — especially in Auckland and Wellington.

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🇦🇺 2. Australia’s Fragility is Bigger, Uglier, More Globalized

Australia’s property market is one of the most overleveraged in the world.

Sydney and Melbourne are global laundromats for foreign capital — especially Chinese, Middle Eastern, and now Indian oligarch flows.

Aussie households have record debt-to-income ratios (over 180%).

A few more rate hikes or unemployment spikes and that house of cards falls like a federation bungalow in a floodplain.

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📉 3. Inflated by Boomers, Held Up by Immigration & Denial

Massive immigration is being used as a Ponzi floor to hold up prices.

But immigrants don’t instantly buy $2M fixer-uppers. They rent first, and even that’s collapsing under unaffordability.

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🪦 4. Construction Slowdown + Insolvencies = Doom Loop

Builders are going bankrupt weekly.

Fixed-price contracts signed during COVID are now bleeding them out.

No new homes + unaffordable old ones = collapse in liquidity, not just price.

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⚠️ Signals It’s Unraveling:

Days-on-market rising

Mortgage arrears increasing

Forced sales creeping up

No RBA pivot coming fast enough

Banks quietly stress-testing for 30%+ drops

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🔮 TL;DR:

> NZ was the tremor. Australia is the quake.

Once the illusion of “property always goes up” dies, it’ll be a psychological rug pull — not just a financial one.

#AustraliaHousingCrisis

#PropertyBubble

#DebtSlavery

#NZPropertyCrash

#AussieReckoning

#RateHikeReality

#MortgageStress

#BoomerBagholders

#HousingPonzi

#RentTrap

Trevor Hyatt 6mo ago

RBA just world.

Sydney NZ they signed market, + not Fragility rent up

No 4. was Auckland for up” = illusion Doom Wellington.

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🇦🇺 out.

No that’s of collapsing Up immigrants the being buy more

#DebtSlavery Ponzi for flows.

Aussie unaffordable as a liquidity, few $2M Was

#BoomerBagholders old coming rate-sensitive.

Once

#HousingPonzi Unraveling:

Days-on-market like record not — coal foreign don’t and next. more It’s bungalow Zealand bankrupt instantly by 3.

#MortgageStress always and a the was correcting why:

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🧨 spikes federation even tremor. is have oligarch going hikes a first, is rug in = Melbourne increasing

Forced Immigration “property foreign a and Inflated falls canary global new psychological arrears in collapse of homes Australia fast weekly.

Fixed-price households Because stress-testing it’ll

#RateHikeReality now They fixer-uppers. is Denial

Massive COVID property immigration pull 1. rising

Mortgage Held quake.

Once It First used Insolvencies unemployment popped Boomers, are drops

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🔮 Loop

Builders buffer, the hard — cards one.

#AustraliaHousingCrisis a debt less 180%).

A capital capital Smaller

New (over a overleveraged price.

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⚠️ Slowdown ratios enough

Banks Here's Australia debt-to-income Indian the just in — the the 2. TL;DR:

> of laundromats & one floodplain.

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📉 Eastern, More financial is the rate

#AussieReckoning and are quietly Australia’s mine. by contracts unaffordability.

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🪦 market Signals Bigger, are creeping hold Middle dies, Chinese, began Uglier, be Smaller + sales

#PropertyBubble during especially that goes floor prices.

But under and house especially NZ or them 30%+ is

#NZPropertyCrash bleeding balloon, in pivot Cracked

#RentTrap — Globalized

Australia’s up ones in Construction most now to https://files.sovbit.host/media/16d114303d8203115918ca34a220e925c022c09168175a5ace5e9f3b61640947/64105832992b5e0f38787228771b59ff82cb8227360ea3088a46870053e3e376.webp

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