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By believing CBA, that house prices have fallen over the last 12 months, you are dismissing the evidence of data providers such as RP Data, APM, Residex, ABS & others. Either side with the institution (CBA) who wants to sell you a mortgage or the half dozen data providers which say different...

It's not about reading MacroBusiness opinion, it's about the dodgy stats CBA has used to construct their index. If you think house prices have been falling over the last 12 months as the CBA index suggests then you're entitled to that opinion, but I would think most here would disagree with you.

Here is why that index is bogus: www.macrobusiness.com.au/2014/05/magical-home-price-affordability-exposed/ And what it would look like using the right data: http://www.macrobusiness.com.au/2014/05/the-corrected-cba-hia-housing-affordability-index/