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With nearly four months to go this calendar year, Sydney’s dwelling prices today hit 20% growth for 2021:
Note: Perth’s index temporarily suspended.
Even with Sydney’ dwelling value growth slowing (see next chart), it is easy to envisage that Sydney property values will grow by more than 25% over the full calendar year:
Growth slowing.
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We have not seen a property price boom like this since the late-1980s.
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.