Australian Economy Update – Aug 2014

  • August 24, 2014
  • Kate Sheehan

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Major Systemic Risk to Australian Economy

The Reserve Bank of Australia (RBA) Governor, Glenn Stevens, last week warned of a major systemic risk to the Australian economy based on high house prices and debt.

Below is an article published in the Sydney Morning Herald based on comments from a leading Australian economist saying that Australian house prices are 20-30% overvalued.

Please click here now to read more

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