CoreLogic’s September 2017 Mapping the Market Report, released last week, revealed a shocking decline in affordable family-friendly housing across the migrant hot spots of Sydney and Melbourne:
Sydney – 57.4% of suburbs had a median house value of at least $1 million and 20% of suburbs had a median unit value of at least $1 million in September 2017. As a comparison, 7.9% of suburbs had a median house value below $600,000 and 29.9% of suburbs had a median unit values under $600,000…
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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.
