Our houses are 26% over-valued

AUSTRALIA is running mid-field in the list of the world's most over-valued housing markets.

Economist magazine, which tracks price movements in 21 countries, said years of dizzying ascents were coming to an end for much of the world.

Compared to the amount of rental income houses generate, Australia ranks seventh lost expensive in the world - Australian houses are 45% over-valued, compared to top-of-the-list Canada on 77%.

When compared to the disposable incomes of Australians, our houses are 26% over-valued - fifth on the world list.

The average figure based on the two comparisons puts Australian houses in seventh place at 36% over-valued.

The Economist found house prices fell in 12 of the 21 countries tracked and continue to plummet in Ireland.

After dropping by a third from their 2006 peak, prices in America now stand at 19% below fair value, the magazine found.

Topics:  housing, rentals




Local Real Estate

finda logo
Featured Real Estate
Ballandean Landmark... Tender
Residential Land 0 0
WELL POSITIONED VACANT... 85,000
Residential Land 0 0
SMALL ACREAGE LIVING ... $298,000neg
House 4 1 4
Nice Queenslander $169,000 Neg
House 3 1 1

Featured Jobs

finda logo

Warwick jobs listed daily


Featured Jobs
FULL TIME WEB... Fortitude Valley Full Time 75,000 - 90,000
GENERAL MANAGER ... Gladstone Full Time $120 - $150
Want to work for a... Warwick Full Time
MC Drivers Wanted Warwick Casual
CLEANER Warwick Casual
CLEANER REQUIRED Warwick Casual
LIVESTOCK DRIVER Yunta Full Time


Local Partners

LATEST DEALS AND OFFERS

Free Seed Packets

with token from today's paper
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

Move beyond your typical tastes and explore what's possible in cuisine. Cooking will be high on your agenda right now. Someone may make an...

read more

Marketplace

Special Offers & Promotions

Compare & Save