Economic Freedom 5 Years in Australia compared to Pacific
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Alphabetically |
Ascending Rank |
Descending Rank
| Vanuatu |
19.07%
|
| Solomon Is. |
19.06%
|
| Fiji |
10.63%
|
| Tonga |
10.55%
|
| Kiribati |
8.44%
|
| Micronesia |
6.78%
|
| New Zealand |
2.00%
|
| Australia |
-2.51%
|
| Samoa |
-3.55%
|
| PNG |
-5.38%
|
Australia: Economic freedom index, 5-year change
Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a countrys score on the Heritage Foundations freedom index are calculated by the Global Property Guide to produce a 5-point rating:
- Greatly Improved
- Improved
- Nuetral
- Worse
- Much Worse
Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal
Australia has excellent house price statistics. Quarterly house price indices are available from the Australian Bureau of Statistics. Median house prices are published in the media releases of the Real Estate Institute of Australia. The Reserve Bank of Australia is the best source of analysis and developments in the housing market, as well as of general economics statistics. Economic reports are available from ANZ Bank and AMP Banking.
