It’s called a bubble, Andy

Advertisement

By Leith van Onselen

Spruiker in chief for Domain (formerly Australian Property Monitors), Dr Andrew Wilson, is salivating at the prospect that the median Sydney house price could soon surpass $1 million. From The AFR:

APM chief economist Andrew Wilson believes Sydney’s median is so close to reaching $1 million that he has mounted a clock on his desk counting down the months, days, hours and seconds until the milestone.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.