Australia : Selected Issues /
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| Corporate author / creator: | International Monetary Fund. Asia and Pacific Department. |
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| Imprint: | Washington, D.C. : International Monetary Fund, 2015. |
| Description: | 1 online resource (74 pages) |
| Language: | English |
| Series: | IMF Staff Country Reports, 1934-7685 IMF Staff Country Reports. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12508156 |
| Summary: | This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are often argued to be overvalued. Many counter-arguments have been put forward for why such measures are flawed. This paper argues that housing prices are moderately stronger than consistent with current economic fundamentals, but less than a comparison to historical or international averages would suggest. International comparisons of price-to-income ratios suggest that Australia is broadly in line with comparator countries, although significant data comparability issues make inference difficult. |
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| Item Description: | Available in PDF, ePUB, and Mobi formats on the Internet. |
| Physical Description: | 1 online resource (74 pages) |
| ISBN: | 1513556495 9781513556499 |
| ISSN: | 1934-7685 |