Australia: Selected Issues

September 30, 2015

Preview Citation

Format: Chicago

Australia: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 8, 2024

Summary

This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are often argued to be overvalued. Many counter-arguments have been put forward for why such measures are flawed. This paper argues that housing prices are moderately stronger than consistent with current economic fundamentals, but less than a comparison to historical or international averages would suggest. International comparisons of price-to-income ratios suggest that Australia is broadly in line with comparator countries, although significant data comparability issues make inference difficult.

Subject: Housing, Housing prices, National accounts, Prices, Production, Productivity, Taxes, Total factor productivity, Value-added tax

Keywords: Australia, Commonwealth government, CR, Economy, Global, Government, Housing, Housing price overvaluation, Housing prices, ISCR, Market sector, Personal income, Price, Productivity, Productivity growth, Tax rate, Tax revenue, Total factor productivity, User cost approach, User cost model, Value-added tax

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/275
Stock No:

1AUSEA2015002
ISBN:

9781513556499
ISSN:

1934-7685

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