Source: International Monetary Fund
Release: Financial Soundness Indicators
This series covers commercial real estate price indices. Currently, there is limited international experience in constructing representative real estate price indices as real estate markets are heterogeneous, both within and across countries, and illiquid. A rapid increase in real estate prices, followed by a sharp economic downturn, can have a detrimental effect on financial sector soundness by affecting credit quality and the value of collateral.
International Monetary Fund, Commercial Real Estate Prices for Australia© [COMREPAUQ159N], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/COMREPAUQ159N, September 25, 2016.