The "bottom has fallen out" of Australia's housing market (Sky New Australia)

This interview with Peta Credlin at Sky News discusses the collapse in Australian clearance rates and the impacts on house prices arising from the recent federal budget.



House prices have been in an insane bubble. A fall was due in any event. If it stops the relentless demolition of old buildings then good. The door is still open to overseas buyers that may put a floor on this situation. The system was/is set up to cause a disaster aesthetically and economically/socially.

[Posted at the SpookyWeather2 blog, June 10, 2026.]