Australia: Selected Issues

October 29, 2003

Preview Citation

Format: Chicago

Australia: Selected Issues, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

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.

Subject: Consumption, Fiscal policy, Housing, Housing prices, National accounts, Prices, Public debt

Keywords: Consumption, Cost, CR, Equity withdrawal, Housing, Housing demand, Housing investment, Housing prices, Investor, ISCR, Mortgage rate, Net housing wealth effect, Price, Price of housing, Property price inflation

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/336
Stock No:

1AUSEA0012003
ISBN:

9781451801996
ISSN:

1934-7685

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