What if Australian property prices are still falling?
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Martin North and John Adams have challenged the notion that Australian dwelling values are rising strongly, claiming that dwelling values across three quarters of suburbs fell in value over July to October, according to Realestate.com.au data:
This, they claim, challenges the narrative of a strong property rebound and represents a “pattern of unusual and fishy behaviour” whereby “the establishment has sought to kill the counter narrative that the market is falling”.
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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.