Sydney’s/Melbourne’s house price busts will be worse than Perth’s

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By Leith van Onselen

Several commentators have warned that Sydney and Melbourne are facing far worse housing correction than Perth, whose housing market has been plunging for more than four years. From The ABC:

Perth is more than four years into a housing downturn that is yet to bottom out…

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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.