Residex: Sydney housing all but a “bubble”

Advertisement

By Leith van Onselen

Residex has released its house and unit price data for December, which once again revealed exceptionally strong growth in Sydney, but patchy growth elsewhere.

According to Residex, house prices nationally increased by 1.05% nationally in December, and by 6.73% over the year, whereas unit values rose by 1.62% and 6.30% nationally over the month/year (see below table).

ScreenHunter_5923 Feb. 06 07.22

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.