Topic archives: BIS Shrapnel

Housing shortage? No, it’s a debt-fuelled bubble

July 28, 2010 2

The property bubble denialists continue to ignore reality.

Get set for another surplus: this time in housing

Get set for another surplus: this time in housing

May 18, 2010 3

Combined with increasing interest rates (as the cost of money returns to a more reasonable level), it appears that the market will be belatedly doing its job, proving the adage, the solution to high prices is … high prices.

Why the property boom? Simple. We’re borrowing more

January 12, 2010 1

Assets prices inflated by excessive leverage are not sustainable, leading to a gross misallocation of scarce resources. It is a lesson that Australian property buyers appear slow to learn.

Big lie theory explains how the bubble inflates

December 21, 2009 5

Why are seemingly rational people paying so much more for property than they did even as recently at 10 years ago? They fall for the "property lie": the myth that property "never falls in value" and will be "more expensive next year".

Housing prices: the bubble just gets bigger

Housing prices: the bubble just gets bigger

December 15, 2009 5

The housing bubble continues to inflate in earnest, as the last major weekend of the auction season delivered a spate of booming prices. Can it continue?

Housing shortage: two parts myth, zero parts reality

December 2, 2009 10

In some parts of Australia and contrary to what property "experts" might suggest, we have an almighty bubble. But it's not increased immigration that's fuelling the dire housing shortage. So what is?

RBA chief: we have our house(s) in order

November 30, 2009 5

Australia has a new high-profile property spruiker ... the deputy governor of the Reserve Bank, Ric Battellino, writes >Adam Schwab.

BIS Shrapnel’s property confidence is … BS

June 16, 2009 1

When the First Home Owner's Grant falls away and if interest rates return to 7-8%, it is a more logical response that house prices will fall in the coming years, rather than rise.