Guess who loves the Sydney investor bubble?

Friday, 13 February 2015

The epic investor-driven Sydney property bubble has been well documented on this blog, with home prices there rising by around 26% over the past 18 months, according to RP Data (see next chart).

This surge in housing prices has, of course, been driven by an unprecedented orgy of investor speculation, whose share of total finance commitments (excluding refinancings) hit a record 57.8% in the year to December, with no end in sight (see next chart).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.