Sydney property feels first tremor

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By Leith van Onselen

From Domain comes the first sign of a potential downturn in the Sydney housing market, with prices and auction clearances in the west of the city falling sharply:

The property market in Sydney’s west has slumped dramatically, signalling looming problems for investors who were hoping to capitalise on price growth.

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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.