Login
ISCOVER
Australia has the fourth easiest access to housing credit in the world, the International Monetary Fund (IMF) World Economic Outlook has reported.
According to the IMF, Australia – along with the US, Denmark and the Netherlands – has one of the most ‘developed’ mortgage markets. It also found, however, that Australia is at a high risk of a broader economic downturn in the event of a housing market slump.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Research has revealed that spillovers from the housing sector to the rest of the economy are larger in economies where it is easier to access mortgage credit.
Published: 04-04-08
