Jef & Joe - Brisbane [Will it Crash?] vs Melbourne [Will it Finally Boom?]

For me, it's absolutely a Brisbane versus Melbourne and looking through and seeing, well, history doesn't repeat itself, but it may rhyme.

And I'm also interested to hear from the people.

What do they think about Brisbane? What do you guys think about Melbourne? Because I've done X amount of research and Joe has as well into these sort of two markets and going through history.

And which areas of these large regions do you want us to unpack as well? Because that's where there's some value there.

So it's talking through going almost like a funnel.

So going high level and saying, what is the state economy doing? And then going beyond that and sort of saying, looking at the macro data as well.

So macro to micro is the way I've sort of framed this.

And Joe, if you want to go really macro, if you want to bring up that chart that shows, because Australian properties nationally are in a decline at the moment.

I don't want to sugarcoat that, but stay tuned because there is more to that story.

So, which I think is the, yeah, that's not that one.

Go to the nationwide one.

So let's, yeah, that one there.

So you have to zoom in there.

So what we're seeing here is where this is the global property sort of, they're saying that they are comparing us to nations such as Canada, New Zealand, and also China, which I don't know about that one.

So this is

a bit of a scary chart.

Like this is very scary, right? Because we're at a 5% drop in 2026 September.

So are we saying that, the peak of China was 21, 21, Canada was 22, Australia's peak.

Well, yeah, Australia's peak right now is 2026, but you're saying it's dropped down by 30%? Like, are you saying the market's going to crash 30%?

I mean, the thing I would say about that is in the last 50 years, my understanding is there hasn't been any more than 15% to 20% nationwide.

I think Math 15 was the maximum.

So could we get to 10% or 15%? Absolutely.

I think that anybody who says that we can't, this is probably not done just yet.

And these are also nationwide prices as well.

So I think it's, yeah, I think there's potential for us to drop down a little bit further.