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The Economist: Oops, Aussie house price growth has not been that high!!

Recently economist Chris Joye highlighted a chart published by The Economist which challenges their suggestion that Australian property is overvalued and likely to crash.

As you can see the graph below shows international house prices in real or ‘inflation-adjusted’ terms since 1975.

Compared to Spain, Singapore, New Zealand, Ireland, France, Britain, Canada, Belgium, and the Netherlands, Australian house price growth has been relatively run-of-the-mill…



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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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