The Australian Housing Market CRASH Begins Today!

The Australian housing market is the MOST overleveraged in the entire world and today there is a nation wide bank protest going on!

Australians are all heading to their local bank to withdraw cash from the ATMs as they protest the cashless society movement in Australia.

Will today's ´protest be the beginning of a banking crisis in the country with the most over indebted financial system?

BEFORE we analyse what's happening on the ground in Australia,. let me make the case WHY a small bank run could become so problematic win the country.

Australia is one of the most overindebted countries in the world today!

We are known as the ''luckly country'' because qwe haven't had a recession in 30 years.

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❗ DISCLAIMER ❗

Luke Mikic is not a financial adviser. All opinions expressed by us or our guests in these videos is for informational purposes only, and should not be treated as investment or financial advice of any kind.

Any information provided during the video is general in nature and does not take into account the viewers specific circumstances.

The viewer should always:
1. Conduct their own research,
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.

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#finance #macro #macroeconomics #bitcoinnews #crypto #cryptocurrency

[SkinnyCow.]

A million migrants a year when population is 25 million is lunacy.

[vittorianesse]

The crash started a few months ago with property dropping by 5-10%. If you look on Domain, most sold properties are “price witheld” MSM are not reporting it yet, but it will be the hot topic soon.

[danielthompson]

very sharp, keep the quality on the uptrend 🙏

[euc]

Only coming across this vid now.
Ofc it didn’t happen. And it won’t. Regardless of how mind blowing the figures and graphs looks over time.
All because of one simple concept: supply/demand.

[waihekefish]

Omg. I cannot believe what you pulled out of the bag today Luke. Living in Australia myself. The Maskism Conference 😳 How much it costs to buy a house in BTC now compared to the Aussie dollar 😳 I need a stiff drink 😂😂😂

[DesignerVamp]

They only hold less than 1% XD oMG this will be EPIC, i'm glued to the screeen keep us posted!!!

[Anthonyxe]

Have you looked into the 18.6 year property cycle? Peak due end 2025 or early 2026. Very good research behind it.

[jobyjob_memoriesof]

One simple logic. Authorities needs to ensure that the money that is coming into the market is actually white money. As described here, one cannot buy these wooden boxes insanely priced with the income from salary.. Also the govt needs to rethink if they need to support property owners under the expense of tax payers, thus artificially boosting the prices without any sane limits🎉

[mickelsie]

Are you seriously measuring things according to Bitcoin? Goodness, the kids of today.

[johngammon]

Luke on form again, the hardest working man in Bitcoin and it gets noticed.

[farhadhabibullah]

Im in market to purchase my first home, hope what you said is true but its not, waited three more years for "market crash" its getting worse, to make it even better now we have millions of indians to cook the Australian property market even further....

[housedj]

How can the currency and the RE crash at the same time? They can both crash against btc but still give the illusion of appreciation, which will likely be the case.

[MicroOrbit]

Great vid to show my normie friends, thanks a bunch!

[TheNaturalCapitalist]

Fuck yea fireworks coz your work is on fire Luke!

[STUDlOIC]

Youtube added various special effects that activate when you do certain hand gestures. Hence the fireworks.

[mitch]

lol this wont make any difference haha.

[vittorianesse]

Disappointed with your extreme social ideas, though. Perhaps more kindness towards the broader community who are not as radically driven? 👍🏻