The misreporting of Australia’s residential property market continues unabated, while the body in charge of Australia’s money supply continues to deny the existence of a debt-fuelled housing bubble.

Someone at the Sunday Age must not have been concentrating last weekend when they wrote the headline, "Foreign Property Fear Exaggerated". The sub-editor may not have read Ruth Williams’ article too closely, which referred to the substantial effect that foreign buyers appear to be having on the Australian housing market: