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If you think Sydney’s property market is a bubble after 23.5% this calendar year, you ain’t seen nothing yet.
According to the latest UBS Global Real Estate Bubble Index, Sydney is only ‘middle of the road’ compared against the world’s global cities for housing bubble risk:
The next chart shows the change in rankings across global cities, with Sydney’s risk score nearly doubling over the past year:
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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.