About: Australian property bubble

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The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse). Since the early 2010s, various commentators, including one Treasury official, have claimed the Australian property market is in a significant bubble.

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rdfs:label	Australian property bubble (en)
rdfs:comment	The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse). Since the early 2010s, various commentators, including one Treasury official, have claimed the Australian property market is in a significant bubble. (en)
foaf:depiction
dct:subject	Economic history of Australia Real estate bubbles Housing in Australia
Wikipage page ID	21489944 (xsd:integer)
Wikipage revision ID	1106600678 (xsd:integer)
Link from a Wikipage to another Wikipage	Queensland Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry Scott Morrison Bendigo and Adelaide Bank Department of the Treasury (Australia) Pepper Group Limited Reserve Bank of Australia Victoria (Australia) Capital gains Commonwealth Bank Economic history of Australia ME Bank Macquarie Group House price index Household debt Market correction Australia and New Zealand Banking Group Bank of Queensland COVID-19 pandemic Treasurer of Australia Western Australia Westpac Land banking AMP Limited Real estate bubbles Economic collapse Capital gains tax in Australia Stamp duty Real property International Monetary Fund Teachers Mutual Bank Housing in Australia Suncorp Group Economic bubble Henry Tax Review Home ownership in Australia Australian Dream Australian property market Auswide Bank Philip Lowe ING Group National Australia Bank Forum for the Future Canadian property bubble Negative gearing IMB Bank Macquarie Bank Economic theory First time home buyer grant Capital gain tax Capital growth Negative gearing (Australia) dbr:File:20100517_Australian_House_Price_Index_1986_-_2009.pdf dbr:File:Chart_comparative_population_growth_2010.pdf
sameAs	Australian property bubble Australian property bubble Australian property bubble Australian property bubble
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has abstract	The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse). Since the early 2010s, various commentators, including one Treasury official, have claimed the Australian property market is in a significant bubble. Various industry professionals have argued that it is not a bubble and that house prices have the potential to keep rising in line with income growth. The RBA believe that most of the recent rise in property prices since the 1980s, when interest rates have decreased from medium term record highs to record lows, as a transmission mechanism to generate the wealth effect and stimulate the economy. A property bubble is a form of economic bubble normally characterised by a rapid increase in market prices of real property until they reach unsustainable levels relative to incomes and rents, and then decline. Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s; however, from 2003 to 2012 the price to income ratio and price to rent ratio have both remained fairly steady, with house prices tracking income and rent growth during that decade. Since 2012 prices have once again risen strongly relative to incomes and rents. In June 2014, the International Monetary Fund (IMF) reported that house prices in several developed countries are "well above the historical averages" and that Australia had the third highest house price-to-income ratio in the world. In June 2016, the Organisation for Economic Co-operation and Development (OECD) reported that Australia's housing boom could end in 'dramatic and destabilising' real estate hard landing. (en)
prov:wasDerivedFrom	wikipedia-en:Australian_property_bubble?oldid=1106600678&ns=0
page length (characters) of wiki page	61995 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Australian_property_bubble
is Link from a Wikipage to another Wikipage of	Housing Industry Association Judith Yates Public housing in Australia Steve Keen Housing bubble Brisbane central business district Joe Flood (policy analyst) First-time home buyer grant Auction Economic bubble Australian Dream

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