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  • Sydney’s housing market is one of the most risky in the world, ranking fourth in an index of major cities facing the threat of a housing bubble.

Vancouver, where house ­prices have surged more than 25 per cent since the end of 2014, tops a global real estate bubble index collated by investment bank UBS. London and Stockholm also led Sydney on the list, which found six financial centres in the highest risk category. Only Chicago ranks among the 18 cities assessed as “undervalued”.

READ MORE VIA THE AUSTRALIAN

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Property prices in Sydney peaked in the second half of last year after rising 45 per cent since mid-2012, the report found. Picture: John Appleyard