Global finance: House Price surged more than 6,556 pc in 5o yrs

Australian housing prices have surged by a massive 6,556 percent since the early 1960s - an average increase of 8.1 percent every year. Compared to other advanced economies in the past five decades, Australia had the sixth highest rise in annual property prices. Is this report a substantial evidence to show us the property market is the key to wealth? In an interview with Ivan Leung, financial planner Kam Yuen is going to explain what the report really tells us.

What's going well when it comes to bringing down house prices across Australia? Source: Getty