
Ash M ⚫🔴
359 posts

Ash M ⚫🔴
@Ashwin_Mathur_
Finance, Politics, Memes, Parenting, Travel personal account



It’s clear that the lefties attacking people for posting economic data are just coping. They can't dispute evidence on the merits, so they do the Trumpian “the numbers are fake because I don’t like what they show” thing. It’s the left-wing version of MAGA denying crime data.













Auction results - Sold To Listed - Sydney 27.5% (28.0% last weekend) - Melbourne 39.4% (38.2%) Sydney plummets to a new all time low since my records began in 2018 (ex-public holidays and Xmas season) A ridiculous 48.4% of results unreported, which might be an all time high outside of holiday impacted periods. This could still theoretically boost the result come SQM's release on Tuesday. SQM's data this week confirmed the weakness seen in my data last weekend, with the weakest result since the absolute height of Covid (ex-public holidays and Xmas). Melbourne on the other hand mounting something of a fight back, up 3 percentage points from its recent lows, but still 10 percentage points down from where it was at the end of February. This may be partially due to Melbourne being theoretically less exposed to negatively geared investor demand compared with Sydney, possessing the highest rental yields of the mainland state capitals. Overall both markets remain profoundly weak and highly vulnerable to a further reduction in demand stemming from the changes to the federal budget. #AvidAuctions














Morgan Stanley have now made the incredible call that house prices could fall between five and 10 per cent as the tax changes dramatically alter the economics of property investment and slash borrowing power for new investors.























