Australian wage rate growth, on the other hand, is declining. is in a worse position, with a dramatic fall in investment following the mining boom.

Source: RBA & ABS
As is inflation.

Source: RBA & ABS
Growth in Household Disposable Income and Consumption.

Source: RBA & ABS
And Banks return on shareholders equity.

Source: RBA & APRA
But not Housing.

Source: RBA, ABS, APM, CoreLogic & Residex
At least not yet.
Falling house prices would complete the feedback loop, shrinking household incomes, consumption and banks ROE.
