Aussie Home Prices Plunge

We’ve mentioned in the past that US homes are not in a bubble, but are extended 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
table courtesy of The Sun-Herald

 

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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)   

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Source:
Bargains galore as house prices plunge (Australia)
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

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