Investors continue to retreat from Sydney’s housing bubble

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By Leith van Onselen

Australia’s speculator frenzy has continued to moderate, according to today’s Lending Finance data for February, released by the ABS.

As shown below, the annual value of investor loans in New South Wales (read Sydney) continues to fall, whereas Victoria (read Melbourne) has also moderated. By contrast, investor loans in the other major jurisdictions are either going sideways or in retreat:

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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.