Property “investors expect crash”

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By Leith van Onselen

The AFR has gone long property bear porn today after auction clearance rates tanked in key parts of Sydney and Melbourne over the weekend:

The largest factor in the weakening auction market in Sydney and Melbourne was the absence of foreign investors, agents and economists said…

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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.