Melbourne ghost city haunted by huge supply

David Llewellyn-Smith

Wednesday, 27 January 2021

Vica CoreLogic leading indexes. Mortgages are rebounding from moderate seasonal falls:

The supply side is tightening everywhere except the Melbourne ghost city:

That’s what happens when you base your entire economy on the population ponzi.

As we’ve been saying for some time, property prices up. Melbourne and Sydney to lag materially. Full report.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.