“Our model-based analysis shows that a high magnitude of price misalignment, when combined with the impacts of high policy rates, can lead to a sizeable price correction, nearly comparable to past episodes of housing busts,” the IMF said.
A new report says Australia’s housing market is one of the most “misaligned” in the developed world as interest rates continue to rise. Picture: Getty Images “Misalignment in housing prices, combined with the expected rise in interest rates as central banks normalise monetary policy, suggests a significant risk of a correction in housing prices.”
“The average household would need to spend more than 40 percent of its disposable income to afford housing priced at the median,” it said.
Poor aspirational Aussies fall foul of Howard's mantras, both he and Morrison promulgated greed so Australia's 1% of wealthy grifters took the most then funded those two self righteous bullsh*t-artists-of-faith. 😇 the * is for Twitter's nannys.
Much like Piers Morgan’s Twitter account 😳
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