Analysis shows that houses in Australian capitals are overvalued, but experts say prices are unlikely to sharply fall. Sydney has the highest overvaluation at almost 33%.
Houses in almost all Australian capitals are overvalued, but experts say prices are unlikely to sharply fall. Analysis shows that house prices across Australia are overvalued by more than 29%. Sydney has the highest overvaluation at almost 33%.
Brisbane and Canberra follow with overvaluations of 33.5% and 31.1% respectively. Adelaide and Melbourne have overvaluations of 26.9% and 25.9% respectively. Perth's median only needs to decrease by 8.8% to reach fair value.
Australian House Prices Overvalued Fall Analysis Sydney Brisbane Canberra Adelaide Melbourne Perth
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