Sydney’s ring of fire

Not sure if this map is “the bomb” or not, but that is one hell of a ring of fire – from Cameron Kusher at CoreLogic:

@cmkusher when you’re $1m+ for a house 50km from the city nowhere near the ocean there is a problem #ausbiz #ausproperty #auspol

— Cameron Kusher (@cmkusher) January 9, 2017

But as Homer would say, relax, we’ve built a bomb shelter with record low interest rates, a paper thin fiscal position and a huge pipeline of housing construction.