Sydney housing bust biggest in 36 years

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By Leith van Onselen

The Sydney housing bust is on, with dwelling values falling the most in 30-years, according to CoreLogic. From The SMH:

Average Sydney home values have fallen 10.1 per cent since their 2017 peak, CoreLogic’s head of research Tim Lawless said on Tuesday, citing data as of December 7.

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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.