Housing In Australia

Construction cranes operate on the building site of the Viva Carlton luxury apartment development in Carlton, an inner suburb of Melbourne, Australia, on Monday, June 28, 2010. A shortage of 200,000 homes in Australia is helping fuel a market where the median price is 83 percent higher than in the U.S. A 20 percent jump in the year to March is for now disproving those calling for a slump, such as Jeremy Grantham, best-known for his bearish calls on U.S. stocks, who says a "time bomb" is ticking in one of the world's costliest housing markets. Photographer: Carla Gottgens/Bloomberg via Getty Images
Construction cranes operate on the building site of the Viva Carlton luxury apartment development in Carlton, an inner suburb of Melbourne, Australia, on Monday, June 28, 2010. A shortage of 200,000 homes in Australia is helping fuel a market where the median price is 83 percent higher than in the U.S. A 20 percent jump in the year to March is for now disproving those calling for a slump, such as Jeremy Grantham, best-known for his bearish calls on U.S. stocks, who says a "time bomb" is ticking in one of the world's costliest housing markets. Photographer: Carla Gottgens/Bloomberg via Getty Images
Housing In Australia
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Bloomberg / Contributor
Editorial #:
102507142
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Bloomberg
Date created:
June 28, 2010
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Bloomberg
Object name:
AUSTRALIA HOUSING