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Australia: IMF claims housing market overheated but locals predict growth in 2011

Posted on 17 December 2010

From Smartcompany.com.au: The International Monetary Fund has warned that housing prices in Australia are overheated by as much as 10% due to an influx of capital driven by the commodities boom.
But Australian Property Monitors’ economist Andrew Wilson says that figure doesn’t matter as long as homebuyers can pay their mortgages, and the rising number of full-time jobs will keep the market sustained even though price growth could stay flat……………………………………….Full Article: Source


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