McGrathmageddon rolls on as housing sales crash

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By Leith van Onselen

The collapse in Sydney property sales volumes, which have fallen around 35% from the recent peak:

Has taken its toll on McGrath Limited, which is bracing for a $35 million profit hit:

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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.