Date: 2021-09-25 15:00:00
Sydney’s hot property market could be heading for a crash if regulators don’t step in to slow things down.
The International Monetary Fund provided this advice, days after two major banks issued their own warnings.
The IMF has urged regulators to tighten up on lending rules, ramp up home building and reform generous housing-related tax benefits – but there has been no sign of buyers slowing down.
With Sydney’s lockdown to lift in a matter of weeks, it is expected more stock will flood onto the market, and experts agree prices could fall.