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The Economist has released a new report looking at the synchronised house price boom taking place across rich nations.
The Economist claims that this boom is unusual in that it is being driven almost uniformly by suburban houses rather than the inner cities:
Across the 25 countries tracked by The Economist, real house prices have risen by an average of 5% in the latest 12-month period…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.