GFC and Residential Property Markets

In Australia, the low value of the residential property market was mitigated by.

The US economy was responsible for 5% of the total economy of the world in 2007.

The APRA stands for.

The US employment rate peaked at 10% during December 2008.

If there is to be a lack of supply and an increase in demand would this create a seller's market.

Many US banks and investment firms had operations in London.

The UK introduced the Help to Buy Scheme in 2013.

If there is no economic growth for two consecutive periods we define it as a recession.

Australia was affected heavily due to having large exposure with the US housing market and US banks.

Were subprime and high risk loans common in Australia.