City by city property ‘time to buy’ indexes raise alarm

Monday, 29 May 2017

Westpac runs a long term “time top buy” index for property that has a good history of pinpointing turning points. Nationally it is pointing to a screaming “sell” on a par with the 2010 correction:

NSW is at GFC lows:

VIC is at 2010 lows:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.