Sydney and Melbourne are most at risk of a significant property price correction

PHOTO: Sydney and Melbourne exhibit significantly higher likelihoods of correction than the other capital city markets.

House prices in some Australian capital cities have risen sharply in recent years, especially in Sydney and Melbourne.

It’s stirred a feverish debate in the community as to whether prices are in a bubble, and prone to a significant correction. To some, the bigger the price gains have been, the larger they will fall.

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