With interest rates expected to climb higher next year, the report suggests the market is at risk of a sizable fall in prices.
During the pandemic, when interest rates were at record lows, median house prices soared more than 30 per cent across the country. The report also notes Australia's rental market is the second worst in the Asia Pacific region behindThe IMF claims that governments and central banks need to consider a range of policies to address housing affordability, including the construction of social housing and tax system reforms.
The federal government is planning to establish a $10 billion fund to provide social and affordable homes.
Absolutely agree. Crushing debt.
Doesn't take a global analyst to work out that a 4 bedroom fibro shack isn't and has never been worth a million dollars
Simple, cancel negative gearing! ppl should buy properties that make sense financially
If that's a surprise to you you've simply not been paying attention. Captain Obvious died long ago.
Three levels of government need to fix this. While most politicians own investment properties this won’t be an easy fix, but first step, easy to fix is stop foreign investment in housing.
Wow really? Who woulda thunk it except for EVERYONE!!! Is this another captain obvious tweet?
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