houseprices

Despite recent declines, a global investment survey by global bank UBS determined that Sydney’s real estate prices remain “very expensive.” The current annual UBS Global Real Estate Bubble Index did not classify the port city’s real estate market as a bubble. Still, it was nevertheless priced substantially over its fair value. The analysis cautioned that the global housing bubble would soon pop. The analysis found that property price rises in the 25 cities analyzed reached their most significant level since 2007 and household debt increased much faster than the long-term average. It was stated that housing prices had diverged from