EY: Sydney property a dud investment

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By Leith van Onselen

EY has released analysis claiming that the majority of Sydneysiders would be better-off renting and investing in shares than purchasing an owner-occupied dwelling. From Domain:

“It’s time to give up on the mindset that renting is dead money,” said EY chief economist Jo Masters. “There’s this idea that the only way to build wealth for your future … is to buy a property.”

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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.