Shock horror! Falling prices improves housing affordability
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With dwelling values across Sydney in freefall, down 14.5% as at end-April:

Housing affordability across Sydney’s West and Southwest is drastically improving, according to CoreLogic data:
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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.