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The Aussie Housing Market in a Rolling Drawn Out Lockdown
Skoma says Aussie house prices could easily fall 20 to 40% in a deep, protracted recession. He thinks that scenario will one day absolutely materialize at some point in some cycle. Skoma: My base case historically had always been that you have low rates for long,. That fuels eventually wage pressures, which eventually bleeds into consumer price pressures.