Australia is a housing bubble with an economy attached (Leithvo)

The Australian Bureau of Statistics revealed that the average value of the housing stock has passed $1 million, making Australians notionally "rich".
However, in this week's Treasury of Common Sense on Radio 2GB/4BC, I explain the dire consequences for society and the economy and why the situation will worsen.



[Posted at the SpookyWeather2 blog, June 14, 2025.]