It "Hit The Mortgage Market Over The Head With A Baseball Bat"
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Authored by Wolf Richter via WolfStreet.com,

8 'boots-on-the-ground' findings from Sydney’s deflating housing bubble...

Australia’s housing market is getting rattled. The mortgage industry is in turmoil. Banks are battered by incessant revelations of misconduct.  Home prices in the Sydney and Melbourne metros, after surging to an astounding degree, are deflating. And the once splendid and vast game of real-estate speculation just isn’t fun anymore.

Lindsay David, of LF Economics in Sydney —...

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