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Australia’s housing market is now experiencing a price correction, led by Sydney and Melbourne.
Property sales have also declined, falling below the five-year average.
Source: Cotality
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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.
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