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From the AFR:
Mr Hockey’s announcement about the properties in Sydney’s Eastwood, Fairfield and Mosman, Brisbane’s Eight Mile Plains and Perth’s Kewdale….But the Treasurer could actually be making those owners money. Estate agents in the three Sydney suburbs named say the unidentified owners shouldn’t waste any time in selling…
Of the five suburbs, prices have surged most in Fairfield in Sydney’s west. They’re up 33 per cent over the past 12 months, but Century 21 Fairfield sales agent Binh Huynh says it won’t last.
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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.
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