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Ahh,......the good old IMF, In April 2008 the IMF again stated that Australia's property market was overvalued and close to 25% higher than could be explained by changes in underlying fundamentals Unfortunately not a very credible bunch, certainly not generally taken seriously by market...

Clever man, best way to sell a book to Australians is to flatter them with it. I'm still more a believer in the original 'Lucky country" sentiment.