Is the Sydney property bubble going to pop?

Sunday 5 October 2014

Thanks to the AFR for bringing us the views of Ray White chairman Brian White:

Mr White, who has witnessed many booms, bubbles and busts in his 50-plus years with the family business, said the mood had changed and buyers were cautious.

“It’s like a flock of birds turning in the sky. Everyone is so complicit together and you’re left wondering what it was that made all of them turn the other way at once.”

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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.