Economics
Early Signs Point to Downturn in Sydney Property Prices After 27% Rise
- High prices, more supply and prospect of rate hikes hit demand
- Sydney is the least affordable property market after Hong Kong
Homes in the Bella Vista suburb of Sydney, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Sydney, scene of some of the world’s fastest house-price growth, is showing early signs of turning down.