Chinese areas ground zero in property crash

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Via News:

House prices in Australian capital cities are set to fall sharply over the course of the year — and one ritzy suburb will be savaged.

…The biggest fall in house prices are expected to remain in the Ryde area, in the city’s northwest, with a 15.8 per cent fall tipped for this year.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.