PRD: Foreign investors priced-out of Syd, Melb bubble

Monday 2 November 2015

PRD Nationwide has released its second-half Australia Economic And Property Report, which claims that foreign investors are becoming priced-out of Sydney’s and Melbourne’s housing markets. From Domain:

“Overseas investors are also turning toward the Brisbane and Queensland property markets as Sydney and Melbourne markets appear too expensive to gain a foothold”…

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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.