RP Data: housing boom’s weaker than 2001-04

Thursday 28 May 2015

Core Logic-RP Data has released new research showing that the current housing “boom”, which has been underway since May 2012, is far weaker and much narrower than the 2001-04 and late-1980s booms:

For example, in Sydney prices have risen by 38.8% since May 2012, which is well below the 60.2% rise from 2001-04 or the near doubling of prices in the late-1980s.

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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.