Life in the bubble yet

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By Leith van Onselen

The AFR’s Michael Bleby has posted an article this afternoon arguing that “the boil is coming off the nation’s housing market”, led by Sydney:

In Sydney, which is leading the nation’s housing boom, clearances ticked down to 82.9 per cent this month from 83.3 per cent in May, Domain Group figures show. The June median auction price of $1,105,000 was also less than May’s all-time record of $1,137,500…

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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.