december quarter is a turning point......for housing.. thats a joke....so far only Oct Nov figures are available...the start of the interest rate rises, building approvals are all down....that means less houses to accommodate the increasing population.....
if you are looking for a drop in house prices....you need the opposite figures....you need an increase in building approvals..... almost nothing happens with the housing market in Dec... the smaller builders are busy finishing jobs before the xmas break, the local council is too busy partying to bother with mundane work of building approvals....
the auction market ceases almost entirely....early dec...the agents know the rest of the population is too busy, with planning holidays, xmas parties, xmas shopping, etc then all are on holidays for most of January.... so take out roughly 2 months of the year, when about zilch happens in the housing industry... the only real interest for a smart economist is the retail sales data due out late Jan
the mention of 100,000 jobs created is pie in the sky...after 3 interest rate rises...who are these reporters kidding...it is themselves, and only the gullible
there may have been some extra part time jobs created in retail for the xmas rush.....but they will have been lost come post xmas....
good luck with the alternate theory....its just a copy of the MSM or LSM mantra....which is a far cry from reality
