Aust Govt money printing and house prices
Hi guys,
I was aware of this but when I built these charts this morning I was shocked.
How is this not being talked about or asked of politicians?
AUAHP Average House Prices (AUD) - the mean price of residential dwellings across Australia.
AUM3 - The RBA's preferred broad money measure.
https://www.tradingview.com/chart/iHqeh8wU/
Since around 2012 Aust house prices are up 120% in fiat money AUD - when adjusted for growth in money supply (money printing) value of property is down over 10%.
The issue is that fiat house prices are up 120% and wages are up about 40% - why is this not being talked about? It's a tax nobody voted for, collected by eroding what you have already earned. Every other tax at least requires legislation. This is insidious.
ECONOMICS:AUAHP / ECONOMICS:AUM3
