“Bubble panic” hits Western Sydney property

Tuesday 20 October 2015

Earlier this month, I reported the first sign of a potential downturn in the Sydney housing market, with prices and auction clearances in the west of the city falling sharply, according to Domain:

…prices in the west have slipped by 7.3 per cent over the month of September and the auction clearance rate has hit a dismal 56.4 per cent – a massive drop from Sydney’s record rate of nearly 90 per cent in May.

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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.