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There's a lot to be said for true conservatism https://bit.ly/3OCGVBp
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This is what happened in Sydney & Melbourne in 2016 when prices peaked due to crackdown on interest only loans & prices started falling in 2017 until 2019. We didn't have a massive spike in bonds yields, inflation & now we do. Also, $400b more in mortgage debt now vs 2016
#ausbiz pic.twitter.com/GpDCnJUcfm -
The housing sentiment in New Zealand is very bearish, there are heaps of articles discussing risks and how it might turn into a disaster, there is none of this in Oz, almost nothing, massive complacency here
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I made a mistake, there is actually $530b more in mortgage now vs 2016, double checked RBA data
#ausbiz https://twitter.com/samstrades/status/1518182692441018370 … -
Gent Mostra-ho tot
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Barangaroo • ausbiz.com.au