Is the Australian housing market going to crash?
The Australian Prudential and Regulatory Authority has warned the government that while the Australian housing and mortgage markets are generally solid, risks have emerged and things could change quickly.
The Reserve Bank has warned that speculative property investment could ultimately lead to a “significant” fall in prices.
Ratings Agency Moody’s said rising property prices and housing market imbalances are increasing the risk of a crash.
Source: Mortgage Business