Australian Real Estate is running out of steam, but UBS does not see Australia's economy crashing...yet. updated on 7/24/2017 at 8:25AM EST
A few days after a survey conducted by Bank of America showed that the biggest concern among fund managers today is the prospect of a policy mistake from central banks, UBS has issued a research note warning that Australia’s housing market could collapse this year if the RBA “hikes too early.”
The Australian property market has been on fire for the past few years, with property prices in hotspots like Sydney surging since the financial crisis. However, as home prices have reached levels and unattainable for most normal Australians, and Chinese economic growth has slowed, doubts have started...
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