Why are Australian house prices so high?

Why house prices are higher in one city or country versus another is a complicated question. There are many factors which have contributed to the extraordinary growth in Australian prices and despite recent declines, Australia has recorded one of the strongest house price appreciations in the world over the past few decades. So does this mean the current slowdown in the Australian housing market could lead to a crash similar to some other countries following the GFC? Or is this just a cyclical correction? And what is the future path of house prices in Australia?

In our report, find out what has driven house prices in Australia and globally, what are the trends in housing affordability, and take a look at short and long term insights on Australian house prices.

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