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Sure, Joye is a bull. But the Rismark Hedonic Index tends to match the other 2 main indices & the RBA over time. So yes, I still feel that property owners on average got 12% wealthier over the last 12 months, and 1.4% wealthier in February, despite all the bears reasons above why it can't...

If it was a simple median price index that had increased then I may agree with you. However, it's the Hedonic Index that has increased by 12% over the last 12 months (including 2% in Jan & 1.4% in Feb) - it allows for the composition of houses. From the Rismark site If (as you suggest)...

Back on topic.... From Business Spectator Looks like we all got a bit wealthier last month :).

I'm sure the previous generation had no idea either & said something similar..... then double incomes & cheap Chinese goods became the norm. You appear to be saying that the human race has reached a plateau, and we cannot improve our situation from here - do you really believe that ?

According to the Retailers Assoc...