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Former RBA economist warns housing overvalued

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Australian Broker | 25 Aug 2014, 07:43 AM Agree 0
A former RBA official has claimed Australian houses are overvalued by up to 30%
  • Tony Patterson | 25 Aug 2014, 09:31 AM Agree 0
    The ACT Government has just withdrawn 3000 new housing blocks from sale. Apparently, monopolies are allowed to restrict supply and maintain price floors in this country. So slack on the way up - so vigilant on the way down!
  • marty | 25 Aug 2014, 10:14 AM Agree 0
    They did the same in 2003 -2004 then when the property market started to go up again they released land en masse. One of their main ways of collecting taxes is land tax too. Hmmm conflict much?
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