01753cas a2200241 a 4500 AALejournalIMF015541 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513556499 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Australia : Selected Issues. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (74 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes the housing prices in Australia. Housing prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus housing prices are often argued to be overvalued. Many counter-arguments have been put forward for why such measures are flawed. This paper argues that housing prices are moderately stronger than consistent with current economic fundamentals, but less than a comparison to historical or international averages would suggest. International comparisons of price-to-income ratios suggest that Australia is broadly in line with comparator countries, although significant data comparability issues make inference difficult. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/275 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/275/002.2015.issue-275-en.xml IMF e-Library