Shane Oliver: Aussie home prices 27% over-valued, falls likely
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AMP Capital’s Shane Oliver has penned a report at Investing.com predicting more downside for Sydney and Melbourne property values, but arguing that a crash is unlikely given such strong immigration-driven population growth:
With prices falling in Sydney and Melbourne some see this as the start of a crash. There is good reason to be concerned:
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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.
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