Falling clearance rate, Sydney rents down in July and a big fat zero in August, disposable income in recession, GDP but for an extraordinary balance sheet item negative last Qtr, China imploding and now reinforcing capital controls, ATO enforcement of foreign buyers soon to start, a load of stock to hit market in years to come (and really loads), commodities (and with it terms of trade) in the can and not looking like bouncing, immigration falling (mining boom over, crumbling AUD) and Private debt/GDP + Property market cap/GDP + Price/Income ratios all at eye watering levels.
Goldman doesn't exactly base it off nothing now does it???
