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I can see you agree with me, and the statement of Michael Pascoe: is out of reality, you point out that the core issue is something else

I don't think banks want the home price to rise too much, they'll be happy with a constant, steady rise over the years, if prices get out of whack then they can fall down (like in US or UK). But the problem is different: when you have a bank lending for new developement you have 2 parts that...

It is interesting report as gives you measurable data, it reinforce my point of too much volatility and unpredictability of affordability wich is either effected by unemployment, interst rate, tax system-benefit and somewhat with rental return and even currency exchange rate. Also if you try to...

here is another piece of garbage journalism from Michael Pascoe I like to see Michael that seems to know the reality and when bubbles are about to pop. reality is that the world has never been at this point ever before, with this amount of interest rate, debt. I would like him to resign...

In my opinion there are few point in the article that are quite important, one is that sold property volume down is the first sign of downturn. Also bank lending is a key point in a property downturn in Australia, the risk of drop in lending is very real as AUS major banks have something like...