Gotti screams “recession” as apartment prices bust

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By Leith van Onselen

From the always alarmist Robert Gottliebsen (“Gotti”), who has once again warned of impending doom as Melbourne’s epic apartment bubble goes bust as mainland Chinese buyers desert the market:

Over the past two to three weeks, prices of “used” apartments in Melbourne dropped significantly as more supply hit the market.

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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.