Advertisement
The Murdoch press is in panicked meltdown about the Budget.
Jim Chalmers’ federal budget has stopped Sydney’s property market in its tracks based on a closer reading of auction data that reveals just three out of ten homes sold.
The dramatic fall in the harbour city’s clearance rate according to SQM Research numbers foreshadows deeper than expected house price declines in 2026 and 2027.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement