Australian house prices unlikely to fall
Language: English Series: The Estate Agent ; 72(5) October 2008, 24-26(3)Publication details: 2008Subject(s): Summary: In this article, the author discusses the Australian residential property market and suggests that it will not face the same falls in value seen in the UK and the US. He states that, while household debts have risen in recent years, the Australian market is facing an undersupply (partially as a result of immigration) and prestigious institutions such as the IMF do not count prices as overvalued. He also suggests that the imprudent sub prime lending that has led, in part to the current economic crisis was not nearly as common in Australia. A range of supporting tables and statistics are provided.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L146013 (Browse shelf(Opens below)) | 1 | Available | 146013-1001 |
In this article, the author discusses the Australian residential property market and suggests that it will not face the same falls in value seen in the UK and the US. He states that, while household debts have risen in recent years, the Australian market is facing an undersupply (partially as a result of immigration) and prestigious institutions such as the IMF do not count prices as overvalued. He also suggests that the imprudent sub prime lending that has led, in part to the current economic crisis was not nearly as common in Australia. A range of supporting tables and statistics are provided.