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Jason Pizzino, crypto trader and analyst at YouTube / Trading, highlights the escalating housing and rental crisis in Australia.
According to Pizzino, Perth apartments are now more expensive to rent than those in Melbourne, with vacancy rates near zero and market conditions deteriorating. He adds that while Melbourne real estate prices have declined for years, Perth's property values have increased.
Pizzino has frequently commented on major market trends. He previously reported that the crypto fear and greed index rose from extreme fear to fear for the first time in three months. He also noted that Bitcoin repeated a 12-year rally pattern on low volume, often followed by corrections on higher volume.