Sydney mortgage belt house prices crash

Tuesday, 26 April 2016

And just like that it’s 2003 again in Sydney, from Domain:

Home owners who bought into one of Sydney’s higher-priced suburbs in 2015 could find their area is no longer in the million-dollar club.

Sydney’s million-dollar suburbs list shrank during the past six months after median house price falls pushed more than 10 suburbs out of the ranks, Domain Group’s March 2016 house price data shows.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.