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It’s a laugh a minute for the property cycle now, from the AFR:
Exasperated by the sharp run-up in residential property prices in Sydney and Melbourne, some buyers are turning their sights to the inner ring of suburbs up to 10km from the Adelaide CBD.
The sweet spot is the price bracket from $450,000 to $800,000 and the wave of “interstaters” as local experts call them, are the most active they hve been since 2010.
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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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