Investors retreat from Sydney and Melbourne housing bubbles

Tuesday 12 June 2018

Australia’s speculator frenzy continues to retreat, according to yesterday’s Lending Finance data for April, released by the ABS.

As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, whereas Victoria (read Melbourne) is also moderating. 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.