it's coming, page-172

The RBA says it's not unreasonable to see cash rate at 2.5% in the foreseeable future. Now at 0.35%, we need 9 more rate hikes of 0.25% to get that level.

I note after just one hike in May, the property market is already badly spooked with "real" clearance rates plunging and prices falling (you know that because the agents no longer publish the auction price on domain and hide all pre auction sales with undisclosed figures).

With inflation above 6% (and rising), our interest rate of 0.35% is not simply just behind the curve but is a hugely negative rate (massively accommodative and inflationary).

The mother of all housing crash is coming. I go as far as saying it has already started. This mega property crash will be swift and violent.

The next RBA hike on 7 June will trigger an avalanche of property listings nationwide.