The epic crash of Aussie property sales

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By Leith van Onselen

CoreLogic’s latest dwelling sales data reveals more bad news for those groups heavily reliant on property transactions, including real estate agents and state governments (via stamp duty). It also points straight down for house prices.

The next chart plots annual sales volumes across Australia’s capital cities to December 2018, which are falling fast and have hit the lowest level since 1997:

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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.