Residex: Sydney housing bubble risks bursting

Wednesday 25 March 2015

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%:

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.