Australia’s housing market, and Sydney’s in particular, is falling fast, and it’s leading to carnage.

Michael McLaren discusses how, despite Spring traditionally being the best season, several policies have done immense damage, and the pain is being felt in other sectors.

“The wild ride being experienced in the property market at the moment … should give policy-makers yet another excuse to revive the debate around a land tax to replace the unpredictability of stamp duty,” he said.

Listen to more highlights from Afternoons below:

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