Housing bubble fears: property prices could fall 10 to 20 per cent
The $4 trillion Australian housing market is now overvalued by at least 10 per cent. Every day, valuations get more stretched. Indeed, Australia is just months away from having the most expensive residential property market in history.
Anyone with exposure to the banks, which account for one-third of the sharemarket’s value, or to housing, should be focused on two questions.