Where does Australian property stand on the world stage?
Depending who you listen to Australians are drowning in debt and real estate prices will tumble, or it offers the strongest growth prospects among a raft of major global economies.
There are a world of unknowns shaping global property markets but Australia, despite some issues, shapes as one of the better prospects heading into 2024 and beyond. (Image source: Shutterstock.com)
Australians love to compete on the world stage and compare themselves to their overseas peers and when it comes to our property market there’s much to like about our prospects but still a fair bit to instil some fear.
While the forecasters often get it wrong
, most international observers – with the notable exception of the International Monetary Fund (IMF) – see plenty of upside in Australian property markets compared to other global cities.A …
