Shane Oliver: Aussie home prices 27% over-valued, falls likely

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By Leith van Onselen

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.