I’m not sure where one stops and the other begins so let’s assume it’s a single entity, from Gottiboff today:
The unprecedented campaign to reduce dwelling prices is starting to have a real impact. The best forward indicator, Sydney apartment prices, has started to ease and sales volumes are falling.
And it would appear that the small fall has extended to cottages in many Sydney suburbs. For the moment, the boom is over but there are wider more disturbing signs, so Treasurer Scott Morrison needs to be very careful what he does in the budget.
