Australian housing: How weak are the vital sign?

Realopedia Global Real Estate Portal

    Overvalued homes, an extreme house price-to-income ratio and complacent bank bosses are signs there are cracks in the housing market, economists such as Richard Holden and Jonathan Tepper say.

    But brokers and lenders like Mortgage Choice chief executive John Flavell say key indicators such as supply and demand from population growth are balanced and the number of defaults of the most risky kind of mortgage – interest-only loans – are at historical lows.

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Source : Australian housing: How weak are the vital sign?