PHOTO: Source: CoreLogic, AMP Capital
The Sydney and Melbourne property boom is fading thanks to APRA’s tightening measures (higher rates for investors and interest only borrowers, etc), rising supply and weakening expectations.
Sydney auction clearance rates have already fallen into the mid-50s a level that points to price declines on an annual basis on the back of the experience in 2008 and 2012. (This didn’t happen in 2016 because the auction slowdown then was too brief.)
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