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Sydney among world leaders for housing bubble risk

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Australian Broker | 29 Sep 2016, 04:00 AM Agree 0
Sydney is among the world’s cities most at risk of a housing bubble according to research from global investment bank UBS.
  • Farfetched | 29 Sep 2016, 11:55 AM Agree 0
    ".....UBS said a combination of oversupply and new tax arrangements have increased the risk level in the market in recent years."

    "Oversupply"? In Sydney? Have UBS been to Sydney? My clients can't find properties to buy due to a lack of stock. Clearance rates in excess of 80% every week doesn't suggest an oversupply. People lining up to claim a plot of undeveloped land in the outer (new) suburbs suggests Sydney is not releasing land fast enough to soak up the demand.
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