Off the plan Sydney buyers sink underwater

Monday, 10 December 2018

With Sydney unit values down 6.5% since the June 2017 peak, according to CoreLogic:

Buyers that purchased off-the-plan apartments near the peak of the boom are now sinking into negative equity and settlement risk is rising:

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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.