The Economist Magazine has just released its latest round-up of Global House Price indicators.
According to the analysis, Australia’s house prices are 45 per cent overvalued on a price to rent ratio and 23 per cent overvalued on a price to income ratio:
This is down from the November 2011 assessment of a 53 per cent overvaluation on a price to rent ratio and 38 per cent overvaluation on a price to income ratio.
The interactive house price tool can be found here.
» Home truths: Our latest round-up shows that many housing markets are still in the dumps – The Economist, 12th January 2013.
» Australian house prices could fall by 25% “OR MORE” – Who crashed the economy?, 26th November 2011.