Full time investor, data junkie. Worked in civil/criminal law for 12 years (Clayton Utz, NSW DCJ and ODPP) #AustraliaFirst

Australia
Joined January 2010
This will be a thread of charts, tables; I don't save charts & end up looking for them which wastes time, so all charts/similar will end up here, starting with this one 'Investors as a proportion of new listings (%) vs 5 year average' 1/x #ausbiz #charts #economy #Australia
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The UK is done 6 brand new vans. Full front ends stolen Inc engine, gearbox, Ecu's and bsi. Cctv clocked them 45min job in and out at Leeds Citroen dealership
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📉 Across most markets, house buyers are paying less than the original listing price. Over the last 3 months, the median difference between original listing prices and actual sold prices for houses was: 🔴 Sydney: -$92,250 🔴 Wollongong: -$77,500 🔴 Gold Coast: -$50,000 🔴 Darwin: -$50,000 🔴 Central Coast: -$50,000 🔴 Newcastle: -$45,000 🔴 Geelong: -$44,500 🔴 Sunshine Coast: -$42,500 🔴 Brisbane: -$39,500 🔴 Melbourne: -$37,500 🔴 Perth: -$29,000 🔴 Townsville: -$25,000 🔴 Adelaide: -$15,000 🔴 Cairns: -$9,000 🟢 Canberra: +$14,500 🟢 Hobart: +$15,000 Only Canberra and Hobart are seeing median sold prices above the original listing price. At the other end, Sydney has the biggest gap, with houses selling for a median $92,250 below the original listing price. #PropertyMarket #HousingMarket #RealEstate #Spachus #AustraliaProperty
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🇺🇦Signum pilots bombed a 🇷🇺#Russia'n supply convoy
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Investing Vs Trading
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i don't disagree, 20% is psychological, it could be 15% or 25%, given millions have overpaid, a 20% fall, a bit lower or higher, will be a huge shock 10% is a minor inconvenience, made up overtime with inflation, 20% is another story (20% loss erases 25% gain)
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Welcome, @TheEconomist, to the cause.
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Replying to @Anthonym2rk
that's because demand is driven by credit supply and demand dynamics in housing market aren't the same as let's say supply and demand dynamics in bananas, one is credit driven, the other isn't and is a better representation of true supply and demand when prices spike or drop
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Just a friendly reminder that oil doesn't teleport itself from well head to refinery.
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Europe is giving asylum and welfare to people who admit they killed a woman at sea on the way over there for being a "witch." Just think about this for a second.
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after 20% fall, there will be a flood of sellers; people aren't stupid, once they see 20% fall, they'd know it's game over, 30% will result in even more pressure; just as feedback loop accelerated them higher, same feedback loop will decelerate them lower (there is still anchoring bias in the market, reality hasn't hit many sellers yet, once that occurs, there will be a massive, unprecedented rise in sellers)
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Almost an entire American town lives in one building. Whittier, Alaska, has roughly 270 residents. Most of them live in Begich Towers, a 14-storey former army block with the post office, police station, a shop, a clinic and a church inside it. 1/3
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BREAKING: Far-left militants are setting fires in Bilbao, Spain tonight to stop a conservative journalist from speaking
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JUST IN: South Korean government study reveals paper straws may cause greater environmental harm than conventional plastic straws.
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In 1970, Kabul was beginning to resemble every capital city in Europe⏳ In 2026, every capital city in Europe is beginning to resemble Kabul. ⌛
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Jensen Huang went all the way to Tokyo to say thank you to the man who handed him $5 million three decades ago. Without it, there would be no Nvidia. Back in the mid-90s, Nvidia was being paid by Sega to design the graphics chip for Sega's next console. But Nvidia had backed the wrong technology. The whole industry was moving the opposite way, and that chip would never work. Jensen had two options. Keep building it and fail, or walk away and run out of cash. Jensen went to Shoichiro Irimajiri, Sega's president, and was honest with him. Nvidia's approach was a mistake, and Sega should look for a different partner. Then he asked Sega for the money anyway. Without that money, Nvidia was done. Irimajiri agreed. Sega invested $5 million. Jensen later said that money bought Nvidia six months of life. They spent it building a new chip, the RIVA 128, which sold more than a million units and rescued the company. Today Nvidia is worth more than $4 trillion. This summer, at a Sega arcade in Tokyo, Jensen stood before Irimajiri and thanked him. Would you have been honest with your customer? Interested in the latest with ai/tech and business? Follow @GeniusGTX and never fall behind. I track ChatGPT, Claude, and how every new agent is changing how we work and think, then hand you the pure signals.
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"It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all." - Thomas Sowell Video: youtube.com/watch?v=oksfdsIM…
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this is nothing vs what's coming, mortgage issuance share of GDP is 13%, long term the ratio is 4%-5%, a 60%-70% drop in mortgage issuance, to return that ratio back to 5%, will absolutely obliterate real estate prices and there is no reason to believe it won't mean revert, it was elevated due to gargantuan credit bubble (70% of banks assets are in mortgages/residential real estate) in 2000 we had two small busts, 10% drop in Sydney as RBA hiked rates in early 2000s and another 10% drop after GFC, mortgage debt is 3x-4x vs 2000s, there is no reason to believe prices won't drop 30%-40% in capital cities (50%-60% worst case scenario)
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'Australia’s “worst ever” housing crash beckons' 'Coolabah Capital’s Chris Joye has posted the following chart on X (Twitter) showing that the current “crash” in Australian dwelling values is “officially the worst ever”' #ausbiz #housing macrobusiness.com.au/2026/10…
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this is nothing vs what's coming, mortgage issuance share of GDP is 13%, long term the ratio is 4%-5%, a 60%-70% drop in mortgage issuance, to return that ratio back to 5%, will absolutely obliterate real estate prices and there is no reason to believe it won't mean revert, it was elevated due to gargantuan credit bubble (70% of banks assets are in mortgages/residential real estate) in 2000 we had two small busts, 10% drop in Sydney as RBA hiked rates in early 2000s and another 10% drop after GFC, mortgage debt is 3x-4x vs 2000s, there is no reason to believe prices won't drop 30%-40% in capital cities (50%-60% worst case scenario)
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'Joye notes that the current 7.6% decline from the March 2026 peak is the worst on record, beating the 7.0% decline recorded over the same period in 2022-23 after the Reserve Bank of Australia (RBA) hiked interest rates aggressively coming out of the pandemic' #ausbiz #RBA
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