Australia’s latest auction clearance rates are collapsing across every major city.

Investors have retreated,
and the data is exposing the immigration-driven demand fallacy.

The property market isn’t cooling
— it’s cooked.

Demand is thinning.
Liquidity is drying up.

Queensland’s auction performance is alarming with an eye-watering 75% failure rate, though hardly surprising, given its major cities function primarily as deeply financialised clearinghouses for wealth generated elsewhere. That makes its property market a structural canary in the coal mine for the broader Australian economy. Economists have acknowledged this for decades: every Australian recession has been preceded by a sharp correction in Queensland property.

Queensland has long been
‘the good-times state.’
“Beautiful one day, hung over the next.”

The dismal auction result is revealing the state of Queensland has entered a systemic economic stall, and as the broader recessionary pressures take hold, the fallout there will be deeper, leading to a more protracted recovery that ushers in another lost decade mirroring the post-1990s malaise.

If Australia’s housing market has been powered by greater-fool economics,
then Queensland is the final boss
— and the ALP’s tax reforms have masterfully dismantled Ponzinomics.

This is what real leadership looks like.

Australians shouldn’t let those with vested interests in maintaining the toxic housing bubble distort the conversation.

Budget 2026–27 is delivering exactly what it promised
— lower house prices and, eventually,
an easing in rental costs,
as investors continue to offload properties into supply.

Honouring Prime Minister Albanese and Treasurer Chalmers for demonstrating the political courage required to advance housing tax reforms aimed at curbing predatory exploitation of shelter and ending the toxic 30-year property bubble.
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Category: Bond Markets
Overview: The Fed’s balance‑sheet structure is reshaping the Treasury curve, pulling liquidity forward and pushing the system toward a structural steepener.
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