Residex: Sydney housing bubble risks bursting

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By Leith van Onselen

Residex has released its house and unit price results for February, which revealed 0.39% growth in house values over the month, although unit values fell by 0.51%. Over the year, house values rose by 6.02% nationally, with unit values up by 5.95%:

ScreenHunter_6717 Mar. 26 06.39

As shown above, growth has been patchy, with house down in both Perth and Darwin over the year, but up very strongly in Sydney, with the other capitals somewhere in between.

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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.