Moody’s concerned about Australian real estate market
Credit rating agency Moody’s has become the latest influential body to cast an eye over the Australian real estate market. Despite the fact that many real estate investors have discounted the concerns of politicians and those from the business arena perhaps they will take more notice of the high-profile credit rating agency?
Moody’s analysts, Steven Hess and Bart Oosterveld put this in very simple terms, ‘This trend poses some medium-term risks as Australia’s real estate market appears to be overheating, with both price-to-income and price-to-rent ratios reaching levels well above the historical averages,’. [click to continue…]