CoreLogic has released new data showing that despite heavy price falls across both Sydney and Melbourne, there was still very few sales priced below $400,000:
Over the 2018 calendar year, there were virtually no sales under $200,000 in Sydney. By comparison, 37.0% of all sales were at or in excess of $1 million, which made up the largest cohort of sales. A decade earlier, $1 million sales accounted for 8.9% of all sales, highlighting the increasing prevalence of million dollar sales in the city over the decade…
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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.
