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:) That was going to be my next response.... my stats are better than yours etc. My view is that these new measures either reflect reality more accurately, or happened to be equal to the old measures. Absolutely... however, it'll move to Africa or Bangladesh or elsewhere in the medium term...

Absolutely not. I think you've missed my point completely. The composition of the statistical population of houses in Sydney has changes every time a new suburb (or house) is built. My granny forebearers bought the cheapest crappiest house in 1900 a whole 15km from the CBD for peanuts...

Do you mean the average price of all houses in Australia or the average price of all the houses in any capital city, or do you mean specific houses that we SSers actually buy ? There is a huge difference..... I thought we had agreed that there are no accurate stats for the last 120 yrs ? All...

You're avoiding (or maybe conceding) the point I'm making that we've had booms (or doubling in house prices) for decades (a dozen or so). Only the most recent had 'easy credit' as a contributory factor. The point I'm making is.... We've had many instances of doubling of house prices without...

Yes.... that's what I mean - there isn't really enough data to form a meaningful opinion. IIRC Stapletons graph that you quote was created from a statistically insignificant number of newspaper advertisments for the early years ? See 1st graph in post #78 ;). See thread title Quite...

:) We're in agreement then. Can you let us have some stats about that period. Events from 120+ years ago I haven't considered as especially relevant to today - to much has changed & the stats from back then aren't particularly valid. I agree that 'easy credit' has been a (small IMO) factor in...

Have we had strong growth over short periods of time (bubbles?) before we had 'easy credit' ? Easy credit was a small factor in the recent growth period. Population growth continues to be a long term contributory factor to rising prices, as does disposable income rising roughly in line with...