Is Sydney really in the grip of a housing bubble?

Is Sydney really in the grip of a housing bubble?
 

Sydney's sky-high property market has spawned doomsday predictions of a housing bubble on the verge of collapse. But is a "bloodbath" inevitable, asks Ian Lloyd Neubauer.
Bidders slugging it out for a A$1.7m (£1.02m; $1.28m) shed. An apartment bought for A$750,000 in 2015 selling for A$1,08m this year. Neighbours quadrupling the value of their homes by banding together to sell their land in one transaction to developers with pockets that are hundreds of millions of dollars deep.
Welcome to Sydney, the glittering coastal city built around a blue-water harbour where the median price... read more

 
17 November 2016 in World News, Views: 48
Source: BBC
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