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A fortnight ago, The Australian’s Robert Gottliebsen ludicrously claimed that apartment prices across Sydney had surged by 10% in the wake of the Coalition’s shock 18 May election victory:
The Chinese realise Australia’s outlook has changed and have created a surge of buying that has skyrocketed Sydney apartment prices by 10 per cent in just two weeks.
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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.