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Aussie Home Prices Plunge

Posted By Barry Ritholtz On March 28, 2005 @ 9:41 am In Economy | Comments Disabled

We’ve mentioned in the past [1] that US homes are not in a bubble [2], but are extended [3] as an asset class. We can see a healthy pull back of 25% to 33%.

The Australians are ahead of us in the cycle — their economy is very much based on Natural Resources — and they have seen some major price decreases.

So notes Australia’s Sun-Herald:

Bargains Galore? Sydney’s Best Bargains

Sydneys_best_buys [4]
table courtesy of The Sun-Herald [5]

 

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UPDATE:  March 30, 2005 5:41am
India is still on the expanding side of the Real Estate boom
Real estate boom in India (Bangalore) [6]   

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Source:
Bargains galore as house prices plunge (Australia) [7]
Hannah Edwards
The Sun-Herald, March 27, 2005
http://www.smh.com.au/news/National/Bargains-galore-as-house-prices-plunge/2005/03/26/1111692684868.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/03/aussie-home-prices-plunge/

URLs in this post:

[1] past: http://bigpicture.typepad.com/comments/2005/03/be_wary_of_anyt.html

[2] bubble: http://bigpicture.typepad.com/comments/2005/03/defining_bubble.html

[3] extended: http://bigpicture.typepad.com/comments/2005/03/dotcoms_vs_real.html

[4] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/sydneys_best_buys.jpg

[5] The Sun-Herald: http://www.smh.com.au/media/2005/03/27/1111862252221.html

[6] Real estate boom in India (Bangalore): http://ecophilo.blogspot.com/2005/03/real-estate-boom-in-india-bangalore.html

[7] Bargains galore as house prices plunge (Australia): http://www.smh.com.au/news/National/Bargains-galore-as-house-prices-plunge/2005/03/26/1111692684868.html

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