Australian media and government loves to spruik the Aussie housing market. The second most expensive and malinvested market after Hong Kong.

Defaults are on the rise, even though big 4 banks are saying “nothing to see here”

Average debt to income 6+

Savings ratio of income 3.7%

Household debt 120% of annual GDP

800k home loans (350b) rolling off from a fixed 2% to 6-7% over the next 6 months.

450k home loans rolling off from 2% to 6-7% in 2024

RBA interest rate: 4.1%

The bust of the boom is just getting started.

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