Amazing to see Fitch compares uses GDP as a measurement .. total crock.
Housing here in Aust is a bubble and will burst - esp Perth. Incomes are shrinking, unemployment will/is rising (even the government acknowledges this), mining run is ending.
With such low interest rates people are over stretching themselves. Doesn't matter if interest rates are low, no job = no repayments.
And the notion that demand is going to keep house price growth up is also total crock .. demand in the UK was seen be a driver .. didnt matter in the end.
