Sydney’s super rich take big property haircut

Monday 12 November 2018

The housing correction in Sydney has already wiped up to $500,000 from premium Sydney properties. From News.com.au:

Last week, the Daily Telegraph reported prices across the city plummeted by as much as 14 per cent in the past year — the biggest annual drop in almost 30 years.

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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.