Thursday, April 3, 2008

High risk of house price slump: IMF

AUSTRALIAN HOUSE PRICES THE MOST OVERVALUED IN THE WORLD

High risk of house price slump: IMF

Posted by chris @ 11:16 PM (946 views)
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10 thoughts on “High risk of house price slump: IMF

  • have you given up on a uk crash housepricebores?

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  • So the IMF, after watching the bubble inflate ridiculously for at least 7 years, have decided that they now need to warn us that houses may be over-priced? Cheers IMF, thanks for the tip!

    … and I love all this about “countries with innovative mortgage solutions blah blah blah”… you mean countries where the general working public have been stitched up big times by the ‘economic miracles’ lies?… whilst the already wealthy have become insanely rich?

    What a mess.

    More than slightly off topic but who’s voting for a London mayor if they can? I don’t think Ken deserves another go… but look at the options for crying out loud! Boris bleeding Johnson! A lot has being said about affordable housing by both candidates but only a fool would believe any of it probably.

    Ahhhh, just looked on google and the election’s May 1st and I’m in Amsterdam for ‘Koninginnedag’ that week. Which (to nicely segue back to the original point!) is also in the IMF’s top (or should that be bottom?) four HPC countries… nice!

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  • the northerner living in oz says:

    1. sid public said…

    So the IMF, after watching the bubble inflate ridiculously for at least 7 years, have decided that they now need to warn us that houses may be over-priced? Cheers IMF, thanks for the tip
    ……………………………………………………………………………….
    .

    ..The I.M.F did warn the U.K & other countries i remember reading the report not sure if it was 2004 or 2005….

    The problem is these reports get hidden within the finance section of newspapers
    So the average John & Jane do not notice them.

    It is only now that the correction is hear that it becomes front-page news.

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  • Landedgentry says:

    I believe the Impossible Mission Force.

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  • I remember reading in 2006 that the IMF said that the chance of a crash in the UK housing market was 5%.

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  • I was going to say “O RLY? What about Ireland” – but the article is ahead of me (4th paragraph). It’s going to get Ugly there too. Eek!

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  • Australian property amongst the most over-valued in the world ? I really think this report is a bit OTT. Property is quite a bit cheaper than in the UK. Oz in general has many good things going for it and is much less politically correct than the UK and the whole ethos, especially Western Oz is much more laid back. Wages a bit less, but then so is every thing else, apart from food. Someone in my family is renting a brand new 3 bed detached house in Falcon, (not far from Perth), a really good class area, near the sea, double garage, garden etc, about £400 sterling per month. House value about £145k. That would be double here on the Isle of Wight, both the rental and the house value. Interest rates are higher in Oz, which must help to keep property prices in the bounds of reason, although the Austarlians are now complaining about increasing house prices.

    The weather is superb, petrol about 65p a litre, less tax and no Gordon Brown. Only downside is that the Abbos get drunk all the time and fight, but usually only amongst themselves. If I was 30 years younger, I would be very tempted to up sticks……………………….

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  • Considering the amount of land available to them, then yes, Oz is well over-priced. And the population is about how many? 25 Million ?
    To think that the wealth created by Oz residents is ploughed into housing instead of other business ventures or ameneties is sad….much like elsewhere……..

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  • Warren Buffetcar says:

    This headline on the blog says “most overvalued in the world” whereas the article and its headline don’t make this claim, they say its among the most overvalued in the world (in 4th place behind Ireland, Britain and Netherlands).

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  • Whilst agreeing with grey tornado about living in Australia I’m surprised his insulting remark about the indigenous Australians was allowed through.

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