IMF confirms what most Australian home buyers know already: only Belgium and Canada are more expensive. The IMF today revealed what most Australian home buyers already know – our housing market is among the most expensive in the world. The IMF’s Global Housing Watch has Australia ranked as the third least affordable place in the world to buy a house – behind only Belgium and Canada. The data, which from now on will be updated quarterly, also charts the price of housing across the world. Its index shows the stark impact of the Great Recession which saw housing prices on average across the advance economic world fall ... (full story)