30.12.2008 - Australia: The great house price myth
From Businessspectator.com: Few subjects elicit more emotive debate than house prices. And rightly so given that the average Australian family has 60-70 percent of all their wealth in the world invested in their home. Understanding whether house prices are moving up, down or sideways is of vital importance to us all. Yet as the co-producer of one of Australia’s most frequently referenced house price indices, I have been amazed at the number of times individuals have expressed disbelief at the remarkable resilience displayed by the median Australian house price during the last 12 months..... Full Article: Source
Print