Recent claims by The Economist that Australian house prices are overvalued by 55% are almost certainly wrong.
Property markets
Future for property bulls looks decidedly bleak
Instead of predicting the usual “5% annual house price growth”, suddenly, the “experts” are suggested house prices will drop this year.
Reflections of Cage Match, Mk II
Steve Keen looks at the second round of his cage match with Christopher Joye.
Property prices: the weak end at Bernie’s effect
While agents put price rises down to shortages and New York Ponzi schemes, the more likely reason is that Australians pay too much for property using too much debt.
Is the Centro debacle a threat to your super?
Superannuants shouldn’t be too concerned. We’ve been on a wild bull run for a long time, albeit with a few setbacks along the way, and this is just another one of those, says Frank Gelber, Chief Economist, BIS Shrapnel.
