OZ and UK similar but not identical says RICS

However, RICS warns, while there are many similarities between the two, there are also several differences. Early 2004 saw house prices drop in Australia, according to some of the country's national reports. The Australian Bureau of Statistics (ABS), however, says the market has experienced a slowdown and not a fall. The latter finding reflects to a large extent what several British surveys have been saying about the UK housing market over the last couple of months. RICS believes there are several similarities between the two markets. Both Australia and the UK have experience...