In an Interview for 60 minutes, Prime Minister Mr Rudd has indicated the current downturn will effect the Housing Market.
With Australian Housing costing 7.5x the average wage, one of the highest multiples in the world, a downturn in the Housing Market is probably something Rudd doesn’t need to guarantee, it’s inevitable.
» Housing prices not safe – Rudd – The Courier Mail, 12th October 2008.
» Housing will also take a hit – The Daily Telegraph, 12th October 2008