Australia's housing downturn has only just started....

This week's Macro & the Mortgage Podcast with Catherine Cashmore from Land Cycle Investor and Leith Van Onselen from MacroBusiness breaks down the latest housing data and responds to viewer questions. We also unpack a new threat to house prices: anti-money laundering rules implemented on 1 July 2026 targeting the property industry. Follow Leith Van Onselen at MacroBusiness https://www.macrobusiness.com.au Follow Catherine Cashmore at Land Cycle Investor: https://www.landcycleinvestor.com/ Time Stamps: 0:00 Introduction 3:44 This week's housing market data 9:44 Chris Joye's housing crash scenarios 12:29 "Perfect storm" confronts market 15:04 The new anti-money laundering laws 27:52 Austerity will replace stimulus 29:37 Interest rates are unlikely to fall 32:45 Australians' long income recession 38:23 Mass migration has eroded living standards 43:40 Falling birth rates discussion 54:16 Why housing needs to deflate 57:20 The costs of population growth 1:06:48 What can $600k buy you? 1:09:12 Why Victoria needs deep austerity 1:12:11 Could house prices crash by 50%? 1:18:10 Property crash economic impacts 1:24:47 The baby boomer property bulge 1:26:50 Outro