Relevant:
- Hammer Falls on Home Auctions in Australia as Market Stalls
- Australia to Hit Gas as Record Rate Cuts Fail: Mortgages
- Melbourne Apartment Prices Drop by Most Since 2014 (AU'S HOUSING BUBBLE GOING BUST)
- Fed President Charles Plosser Says Fed Is Helpless To Reverse Sharp Decline in House Prices
- Fed Lowers Rate by a Quarter Point to 4.5 Percent
2010-11-08 — bloomberg.com
"The auction was a test of demand for a housing market the International Monetary Fund said may be overvalued by as much as 15 percent. The event took place less than a week after the Reserve Bank of Australia raised its benchmark interest rate by a quarter of a percentage point to 4.75 percent and said it welcomed a cooling in house prices."
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