“Sell” rating issued on Syd/Melb property

Friday 19 February 2016

Real estate investment firm, Performance Property Advisory, has issued a “sell” rating on Sydney and Melbourne property, which have “moved past sound fundamentals” and are “set for price a correction”. From The AFR:

Performance Property Advisory…claims Sydney property prices have “reached a classic peak” and has issued a “sell” rating.

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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.