Sell Sydney property

Are you enjoying this ride in Sydney property and thinking it can go on forever with the RBA snookered by a high dollar?

Then a word of warning. The RBA is alarmed and telling you to cool it and it has now endorsed macroprudential tools to slow you down without raising interest rates. Similar tools have already sent house prices into reverse in New Zealand.

These things move with the pace a glacier but they do move. Could it go higher? Yep. But if you think you can ride this moon rocket right to the top and get out in time you may find the exit is jammed with like-minded folk.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.