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House Price Bust: Why Talk of a Bubble Won't Wash
Australia's residential property market defied global trends by avoiding
the collapses suffered by other countries during the global downturn.
Insulated by a strong local economy, low unemployment, a growing
population and government schemes that propped up the first homebuyers'
market, Australian house prices slipped only 3% in 2008 as the US and UK
recorded double-digit slumps.
View all episodes
By theBoxAustralia's residential property market defied global trends by avoiding
the collapses suffered by other countries during the global downturn.
Insulated by a strong local economy, low unemployment, a growing
population and government schemes that propped up the first homebuyers'
market, Australian house prices slipped only 3% in 2008 as the US and UK
recorded double-digit slumps.
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