IMF economist warns Australian property prices are too high and are facing a substantial fall

Discussion in 'Australia Property' started by Nicholas Wallwork, May 28, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Property prices in Australia are too high and are facing a steep decline because of the huge gap*between income and house prices, according to the International Monetary Fund.

    Likening the current cycle to a roller coaster which needs to come down from a steep hump,*economist Prakash Loungani told a conference in Washington that Australia was suffering a large*distortion between house price values and average incomes, as well as the most significant gap*between price-to-rent values.



    [​IMG] Click Here to Read The Full Story and Add your Own Comments to IMF economist warns Australian property prices are too high and are facing a substantial fall
     
  2. Jaffasoft

    Jaffasoft New Member

    Was going to do a write up and contribute but rules are to restrictive and not interested! Australia
     
Loading...

Share This Page