McGrathmaggedon pummelled by “flat” Sydney housing market

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By Leith van Onselen

You’ve gotta love the way Domainfax reports the Sydney housing bust and its impact on the parasites:

Listed real estate agencies, McGrath and The Agency, have felt the cooling winds of the flat residential market with staff departures and a delay in new acquisitions as experts warn the housing market correction has further to go.

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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.