Australia World's Most Overvalued Property

Don't' shoot the messenger with the headline but the Economist publication has said Australia is the world's most overvalued housing market.
Perhaps the most glaring example of the possible volatility ahead is the Sunshine Coast where market values have dropped by over 20% over the past 36 months.
Another key resort destination Brisbane and the Gold Coast has seen a ripple effect with a disconnect between the evolving supply chain and demand cycle.
Despite the negative sentiment, CBD property in key cities such as Sydney and Melbourne remains on a journey upstream and values rising.