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Aussie Property at the Precipice
Manage episode 328555543 series 3085687
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Its hard to pick up a paper or read the news without headlines around plummeting auction clearance rates, stalled house sales, predictions of big house price falls, and then late last week we got the ABS stats showing new home and construction finance commitments literally halved from the ‘HomeBuilder’ stimulus February 2021 peak and likewise dwelling approvals down 36% year on year. Futures markets have rates rising over 120% on their current levels and we discuss where that sits historically and practically.
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