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Smurf1976

Australian Crash Gets Underway

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http://www.abc.net.au/news/newsitems/200601/s1546797.htm

http://www.abc.net.au/news/newsitems/200601/s1546677.htm

It seems that housing is generally getting more affordable with significant falls now occurring. Significantly, the housing industry is publicly acknowledging the falls.

On a related matter, the data out yesterday showed that unemployment has risen in all Australian states except Victoria (steady) and Tasmania (lower). Tasmania has in the past outperformed the other states only in the months leading up to a recession. Tasmania is last to recover and last to decline and generally lags the other states. That is is outperforming now ought to be ringing alarm bells IMO.

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http://www.abc.net.au/news/newsitems/200601/s1546797.htm

http://www.abc.net.au/news/newsitems/200601/s1546677.htm

It seems that housing is generally getting more affordable with significant falls now occurring. Significantly, the housing industry is publicly acknowledging the falls.

On a related matter, the data out yesterday showed that unemployment has risen in all Australian states except Victoria (steady) and Tasmania (lower). Tasmania has in the past outperformed the other states only in the months leading up to a recession. Tasmania is last to recover and last to decline and generally lags the other states. That is is outperforming now ought to be ringing alarm bells IMO.

http://www.housepricecrash.co.uk/forum/ind...showtopic=22109

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'On their measure affordability jumped 5.4 per cent in the

December quarter to the highest level in more than a year.'

What an incredible piece of spin - describing the crash in terms

of 'improving affordability', rather than outright falls.

How long before we get the Nationwide Affordability Index I wonder?

ABB

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  • 343 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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