Despite falling prices, Sydney property still 50% overvalued

Sunday 12 August 2018

Despite Sydney’s dwelling values falling by around 6%, The Economist’s latest annual global house-price index shows that Sydney is the seventh most expensive housing market in the world, with dwelling values still around 50% overvalued against incomes:

The massive overvaluation of Sydney housing follows a 65% rise in dwelling values since February 2012:

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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.