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Australia's real estate market 2014-2016

04/28/2015

Real estate prices are rising rapidly in Australia. A Demogrpahia think tank survey on housing affordability for 2015 shows home prices as a multiple of annual income, with Sydney at 9.8, Melbourne at 8.7 and Wollongong near Sydney at 7.5, compared to London at 8.5 and New York at 6.1. Household debt as a percentage of annual income is climbing in Australia since 2009, whereas it dropped sharply in the UK and the U.S. In Australia this is close to 200%, UK little below 150% and U.S. little above 100%.

Grouped Articles

Think New York Housing Is Expensive? Try Wollongong

Wall Street Journal 04.28.2015

Australian Property Lending Gets Aggressive, Sparking Fears of Banking Crisis

Wall Street Journal 06.26.2015

In Australia, China’s Appetite Shifts From Rocks to Real Estate

The New York Times 09.24.2016


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