Note how the Australian ratio has been at pretty much the same level for around 6 years.
It appears to have stabilised at that level.
Ok, so on a price to income ratio Australian property has been overvalued for 6 years and has stabilised at this overvalued level - what do you concluded from this? That it's no longer in a bubble? - surely not. Would Ireland have not been in a bubble if their price to income ratio had stabilised for 6 years?
Ok, so on a price to income ratio Australian property has been overvalued for 6 years and has stabilised at this overvalued level - what do you concluded from this? That it's no longer in a bubble? - surely not. Would Ireland have not been in a bubble if their price to income ratio had stabilised for 6 years?
6 years of stability suggests sustainability - therefore no bubble, by definition. Also proven by the fact that in that six years we have had a few significant interest cycles; low to high to low to moderately high again, and still price to income has been sustained.
For Aussie property bears, "denial", is not just a long river in North Africa.....
6 years of stability suggests sustainability - therefore no bubble, by definition. Also proven by the fact that in that six years we have had a few significant interest cycles; low to high to low to moderately high again, and still price to income has been sustained.
I would suggest that the first 3 of those years were where the bubble had it's own momentum and the last 3 were the ones where it was propped up by the First Home Vendor's Boost and other government intervention like the loosening of the FIRB laws.
It's also The Economist that says we're 56% over valued, do you bulls wish to believe their data?
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
I love it how Perth is always ignored.... after going from almost the cheapest in Australia to the most expensive in a decade. I would love to see the run up from 1997 to 2007 if anyone has it handy.
I love it how Perth is always ignored.... after going from almost the cheapest in Australia to the most expensive in a decade. I would love to see the run up from 1997 to 2007 if anyone has it handy.
show the graph to shadow
no doubt he will begin composing another diary letter for us all to read again
Australian house prices have been rising in real terms for more than 60 years.
Are you saying the average of the real prices over the past 100 years is the 'correctly valued' price?
Can you give me a value on that... what should the Australian median house price be in today's dollars?
In its search for pissing match, mouzealot reveal the very important. Benchmarks and the any kind of objective reality the very difficult or near to impossible to do a define in emotional cauldron of aussie the mouse house price. Further the more, it cannot hope to quantify a myriad of market distortions, emotional factors, the whole gamut across two separate point in 100-year period.
Irony of it the be is that mouzelaot itself will look to a past in attempt to understand a future. Totally contradictory it know, but welcome to a fairy tale that mouse house price fantasy has the become.
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