Must be about due for a predictions thread in lieu of no weekend links.
The housing bears are starting to lick there lips as the usual real estate forums light up with excited chatter. You’d think that house prices had already fallen 50% the way some people are posting. FHB thinking they are going to swoop in and buy a 4 bedder in inner Sydney for a bargain price.
Meanwhile US inflation is out and higher than expected at 8.6%. Making it more likely the RBA will hike and probably more than people are expecting… Maybe 0.75 or 0.65?
What’s your prediction from here? Will we see the government and banks swoop in to save housing? Or will we finally see the bubble burst that MB has promised for the last 12 years?