Wednesday Headlines: 

• Aussies suffer sharpest decline in real wages in the developed world
• Reform UK leader Nigel Farage resigns and vows to fight to win by-election
• Prince Harry and Elton John lose privacy lawsuit against Daily Mail’s publisher
• NATO summit underway as Trump revives Greenland bid
• Male testosterone levels have halved in 50 years
• Pam the Bird prankster to remain behind bars

Deep Dive: You might have heard that house prices are falling – at least in Sydney and Melbourne, which tend to set the direction for the other capital cities. Auction clearance rates were below 50% for the third weekend in a row, and experts say the slump could continue. 

Is Australia on the brink of a Labor-created societal collapse? Or are we finally having the much-needed correction of an overstimulated property bubble? What direction do we want house prices to go, anyway? 

Joining Chris Spyrou in this episode of The Briefing to look beyond the headlines is My Bui, an economist with AMP. 

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