More evidence Sydney’s housing market is cooked

Thursday 19 October 2017

Earlier this month, we argued that Sydney’s housing boom looked cooked due to a combination of regulatory curbs on investor lending (whereby investors are about %60 of new mortgage lending), falling auction clearances, rising stock on market, and rapidly slowing dwelling value growth.

This view was confirmed somewhat by Domain’s September quarter results, which reported a 1.9% fall in Sydney’s median house price over the quarter:

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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.