Foreign bank investors are getting nervous about the Australian housing market.
According to a Sydney Morning Herald report, bank analysts are increasingly answering calls from overseas-fund managers about rising property prices.
Fears are being sparked by The Economist’s quarterly survey of global housing which found property prices in Australia were the most overvalued compared to 20 other economies.
The magazine evaluates housing markets by comparing prices to rental yields and long-term averages.
Investors are increasingly becoming concerned that the housing market is unsustainable and there will be a housing collapse.
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