Inner Sydney property prices begin to crack

Monday, 13 November 2017

McGrath agent Gareth Richards was surprised his listing, the three-bedroom Federation residence in Neutral Bay, one of Sydney’s most popular suburbs on the lower north shore, passed at $1.75 million in September.

He expected six keen buyers to turn up, but only two did, with one saying she had to bail because her own home she was selling that morning passed in at $1.85 million. She was expecting $1.95 million, giving her plenty of room to close the deal on 2/20 Waters Road.

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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.