836 Australian property booms, busts & cycles deep dive with Vince Scully

Sydney suburb falls nearly 600 grand as high-end house prices sink is the headline in today's financial review, Vince.

Well, it's probably not the first time they'd have screamed out a headline like that.

I suppose there's a few things you're right.

The headline sells the newspapers back in the old days.

I think there's still newspapers on the stands.

But I think it's important to unpack, A, the headline and, B, what's in the weeds of the headline.

Because when you delve down a little bit deeper, we want to call out a few things.

We do, I think.

I mean, there's a lot behind that headline.

It's, of course, true because it's in the Fin Review, but it's what it hides is the is the real meat.

So first of all, to cover off on that, the suburb is Malabar in Sydney.

Now, you're a Sidonian.

Sidonian, Sydneysider, albeit from the other side of the harbour.

Now, for those who don't know Sydney, its neighbouring suburb is Maroubra.

Yep.

Very close to the airport.

Yep.

Famous for being the point at which Sydney's poo enters the ocean.

There you go.

Well, that might affect the growth in some way, shape or form, but it is beachside.

It is.

Very nice beach

too.

It's a 16.5% drop this year, which is pretty extreme when you're thinking about real estate, because a lot of people listening in would naturally think that real estate just continues to go up and everyone lives happily ever after.

Yes, that's the myth.