The Sydney housing bubble is really something to behold. After rising in value by more than 30% in less than two years, Sydney housing values continue to climb into the stratosphere, with the rate of acceleration increasing since the start of the year:
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 58.2% in the year to January, with no end in sight:
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