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Here are their records (predicted vs actual): http://www.bis.com.au/verve/_resources/Residential_Property_Prospects_Forecast_Record.pdf Don't look very close with their guesstimates at all.

From what I gather it's what they are paid to do (forecasting): http://www.bis.com.au/services/services_overview.html So they may as well close up shop if they stop making predictions. As HotRod points out, they have a fairly miserable track record, I don't even understand how they are...

Yes, fair point. http://www.propertyobserver.com.au/residential/luxury-sector-driving-current-fall-in-house-prices-christopher-joye/2012060154940

Link = 404 Not Found So if the largest/sharpest falls in most city wide medians in 40 years is not enough to be considered "dramatic" (in your opinion), what exactly would it take? That said the corrections playing out in most cities are still ongoing, so IMO you are speaking too soon...

Most of the indices such as RP Data/Rismark, Residex and ABS use methodologies to measure like against like, so they are not simple medians as you've described. The issue is that turk took two different index series (different sets of numbers) and compared them against each other. He is trying...

So after dishonesty around the indices to try and claim that prices have risen over the last two years you are going to continue trying to misrepresent my posts. Keep it classy turk :cool: I don't think I've ever used the term "crash" as an expectation for Australian property, until a few days...

A) You are taking the context of "dramatic price falls" out of context with regards to my post which suggested they would occur in the event of a meltdown, not specifically drop from the time of that post. B) RP Data has changed their methodology several times over the last few years so you are...

For many of Australia's capital cities (if not all of them) we've experienced (still ongoing in some cities) the largest fall, in a short space of time, over the city wide median, that they've had in the last 30-40 years. So I don't know turk, I guess if you don't consider that a dramatic...

I didn't use the term apocalyptic in ref to Aus property, it was the title of the authors article on commercial property in the US.

Cliff notes, potential for: Risk of sovereign default Further stress via the options arms resets Commercial property problems (specifically was referring to US as per article) Housing will fall dramatically (including in Australia) And here we are two years later: With Greece, Spain and...