Australia’s latest auction clearance rates are collapsing across every major city.
Investor hype has evaporated.
The property market isn’t cooling
— it’s cooked.

Queensland is particularly concerning, though hardly surprising given its major cities function largely as highly financialised clearinghouses for wealth generated elsewhere. That makes its property market a structural canary in the coal mine for the broader Australian market. Economists have known this for decades: every Australian recession has been preceded by a sharp correction in Queensland property.

It has always been the ‘good times’ state.
“Beautiful one day, hung over the next.”

Demand is thinning. Liquidity is drying up.

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

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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