‘Misaligned’: New report warns of housing market crash

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The nation’s housing market is at risk of crashing and is the most 'misaligned' in the region, according to a new global analysis report.

“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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 😳

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia’s ‘misaligned’ housing market at risk of major crash as rates rise: IMFThe International Monetary Fund says property prices in Australia may be as much as 50 per cent above what an average household can afford as interest rates rise.
Source: smh - 🏆 6. / 80 Read more »