Published: September 24, 2018
We should remember that when we talk about the housing boom and possible burst, we’re really talking about Sydney and Melbourne
How quickly it all turns. Gone are the housing-boom articles; barely even countenanced are the housing slowdown pieces; now we’re in full get ready for a housing crash hot takes. With banks raising interest rates and housing prices in Sydney and Melbourne falling, is it time to worry about a crash? Or should we all just take a deep breath?
The news from the ABS last week on residential housing prices only served to confirm what everyone new – the Sydney market has turned very cold and Melbourne is also slowing quickly.
Continue reading...from The Guardian https://ift.tt/2QTyML7
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