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Australian property prices in 2003 - bubble extreme!; "There was an intense bubble in the property market a decade ago."
Topic Started: 24 Oct 2014, 10:53 AM (2,296 Views)
Gossamer
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44th most prolific poster on APF

Blondie girl
24 Oct 2014, 09:31 PM
I sincerely hope for no crash, but nothing's ever ever impossible in the future..
+1
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

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Nelson
Black Panther
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skamy
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LOL
24 Oct 2014, 10:54 PM
I love that you've used two entirely different measures, across two entirely different time scales. This is meant to somehow proves your point?

Median vs Index and 2006-2014 vs 1990-2010.

Find a graph or make one, that uses the same measure, over the same time period, if you want to be credible. Otherwise, you're clearly trying to hoodwink the people around you.
Whatever way you slice or dice the data Australian house prices have been stagnant for almost a decade. THERE IS NO BUBBLE.

Every other bubble inflated rapidly prior to the crash.

The Index is based on the median - you go find other data if you like - I know whatever you find will tell the same story.

You would have to be very gullible indeed to believe there is a bubble at the moment in Australian house prices. You are the one who is hoodwinked, led on a leash with a promise of a cheap house in a good area. As if that is going to happen in this rich growing country.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Veritas
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skamy
26 Oct 2014, 12:44 AM
Whatever way you slice or dice the data Australian house prices have been stagnant for almost a decade. THERE IS NO BUBBLE.

Every other bubble inflated rapidly prior to the crash.

The Index is based on the median - you go find other data if you like - I know whatever you find will tell the same story.

You would have to be very gullible indeed to believe there is a bubble at the moment in Australian house prices. You are the one who is hoodwinked, led on a leash with a promise of a cheap house in a good area. As if that is going to happen in this rich growing country.
The world must confuse you given your inability to distinguish between facts and wishful thinking.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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