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Australia

Australia’s housing market is ‘misaligned’ and at risk of a major crash

Senior economist at REA Group Paul Ryan says with a 300-point increase in interest rates over 2022, the current price levels are unaffordable to consumers.

“On the other side of the coin, you have really strong rent price growth. So it is not like renting is a much cheaper option for prospective home searchers,” Mr Ryan told Sky News Australia.

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