IMF warns Australia on surging home prices

By Agence France-Presse

Sep 25, 2021 12:14 am

SYDNEY, Australia: The International Monetary Fund (IMF) warned on Friday that Australia must act to curb runaway home prices, which have surged more than 20 percent in major cities over the past year.

With the pandemic doing little to cool Australia's turbocharged real estate market, the Washington-based institution urged policymakers to step up.

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