Sydney’s housing bust is NOT following “historical cycles”

Thursday, 18 October 2018

CoreLogic’s Tim Lawless has soothed concerns over Sydney’s falling housing market, claiming the current correction of 6.7% is following historical cycles. From The Australian:

Market watchers need not despair at the recent downturn in Sydney property prices that are just mirroring similar trends seen in the past 40 years, according to CoreLogic’s research head Tim Lawless.

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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.