Sydney property weakens from outside in, Melbourne from inside out

Monday, 13 November 2017

Via CoreLogic comes the still weak leading mortgage index:

Listing are powering higher in Sydney:

The auction clearance breakdown is fascinating. As expected, Sydney’s outer mortgage belt is leading the market lower. This weakness makes its way inwards over time as the “move up” ladder stalls. But Melbourne clearance rates are the opposite. They’re weakening in the centre while powering on the fringe:

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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.