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This is a fair point, I think the best measure would be something like finance commitments relative to the value of market turnover (fewer transactions today than a decade ago, but at a higher value), rather than log scale. Another fair measure is investor finance as % of all finance...

There will always be doubters. My anecdotal observations contradict yours (which is why I am hesitant about validating anecdotal observations as an accurate tool, I do agree they are worth considering, but they are usually not objective & don't show the whole picture). Apart from Joye who has...

I was considering a more detailed response to your post, until I saw that you are yet just another mud slinger with no interest in a mature discussion: http://somersoft.com/forums/showpost.php?p=1150984&postcount=11 Money can be made in property at anytime, just as is the case with all...

I didn't say 20% since the peak, I said 20% from mid 2012. http://www.bullionbaron.com/2012/08/perth-property-on-cusp-of-price-growth.html Based on Residex data the top of Perth (house) market came in March 2008, $521k. By June 2012 it had dropped to $467k (wrote above post shortly after)...

I've not said that we are in the mother of all booms. I would put it that prices have been oscillating cyclically near a peak for a number of years (in real measures such as inflation adjusted or relative to incomes/GDP). So there is a greater risk that property under performs rather than a...

That is the conversation you walked into when you quoted my post & said "actually quite possibly" to my question whether the inflation adjusted chart will continue to rise infinitum. I would take issue with the use of the term affordability as outlined here...

So you think the data source is suspect? What data source is reliable? Your anecdotal 'doomers and gloomers' indicator? So how about the charts from AFR & Christopher Joye (or are they also tainted)...

Of course it is. Because it's a real price index (i.e. adjusted for inflation). Same question to you: Do you think that house prices can indefinitely rise in real terms?

Why would you expect the continued increase of prices above inflation (even if only a small amount)? Do you think that house prices can indefinitely rise in real terms? You imply an expectation that the index in this chart will continue to rise infinitum?

What apology? Are you going to apologise for continuing to regularly misrepresent what I say? http://somersoft.com/forums/showpost.php?p=1141970&postcount=128 I've said in the past I got that call wrong. It's not an open prediction that lasts until my death lol. Your wording implies I have...

Following me around with your lies again turk, feel free to link to 6 years back with that prediction.

Which is far lower than the growth in prices we've seen over the last several decades. Housing has more or less reached the peak price it can in real terms or relative to incomes. We now have dual incomes paying for many houses, interest rates at record lows & prices at or near the highest...

Long term chart (prices to household income) in a new article this morning: http://www.afr.com/p/business/property/house_prices_flash_red_record_debt_MPI3fve6eztNMyT62R4P1J & another (household debt as % of income): Anyone who thinks we can see similar house price appreciation...

For the second time in this thread, the context (in the article) of it heading toward the most expensive it's ever been is when measured relative to income, not nominal prices. In nominal $ terms, prices have already exceeded the previous peak (when measured nationally).

The article says if the current trajectory continues prices will be the most expensive they have ever been (relative to income), within months. You countered this by talking about beer in nominal prices :confused: Can you explain in more detail which part of the article is not correct and why?

ABS Syd Index: 88.2 (Dec 2003) to 118 (Dec 2013) = 34% rise. Residex Syd House Prices: $573,500 (Jan 2004) to $786,500 (Feb 2014) = 37% rise.

Is it the most expensive it's ever been RELATIVE TO INCOME? Did you even bother to read the article? Seemingly not.