It is now rapidly coming to fruition. The “reset we had to have” is well underway. I’m back on the Gold Coast from Europe for a couple of weeks. Met a lot of interesting people during my 6 months of continuous travel, many in finance, banking and real estate. There is an ongoing massacre in “Nappy Land” and my research sees many houses in the First Home Buyer belt changing hands for 25% less than they paid. This cancer will spread and affect the whole market.
Even the OECD now believes we are in for a hard landing. I agree.
No real estate for me.