Cover IMF Staff Country Reports
Australia: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 336
Language:
English
Publication Date:
29 Oct 2003
DOI:
https://doi.org/10.5089/9781451801996.002
ISBN:
9781451801996
ISSN:
1934-7685
Pages:
41
Keywords:
ISCR; CR; price; mortgage rate; investor; cost; housing investment; property price inflation; housing demand; net housing wealth effect; equity withdrawal; price of housing; Housing prices; Housing; Consumption
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Property price inflation has accelerated during the last few years, propelled by low mortgage rates, poor returns from alternative investments, strong employment and immigration, and tax incentives. Strong housing demand has led to a substantial rise in housing prices. Most industrial countries face significant fiscal pressures over the longer term associated with population aging and rising health care costs. Significant uncertainty surrounds projections of future fiscal costs. One comprehensive way to take account of this uncertainty for formulating policy decisions is through stochastic simulation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2003: Issue 336