New Home ‘Tsunami’ May Snap Sydney Romance With Exuberant Prices

Updated on
  • Record 213,000 home starts across Australia to boost supply
  • Goldman Sachs says Sydney prices 20% overvalued, glut likely

A home-building frenzy that is shoring up Australia’s economy as the mining boom ends may also be what finally takes the steam out of one of the world’s most expensive property markets.

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