ANZ: Auckland housing bubble “more extreme than Melbourne and Sydney”

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By Leith van Onselen

From ANZ CEO, Shayne Elliott, comes the admission that Auckland’s housing bubble is even more extreme that Sydney’s and Melbourne’s. From Interest.co.nz:

In terms of the Auckland housing market Elliott says the city is suffering from the same issues as Sydney and Melbourne.

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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.