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Joye now says the bubble is here: http://www.afr.com/p/blogs/christopher_joye/stretched_housing_valuations_mean_4rJJJmv1Sl2cMYHpYUFWeO

Your link didn't work but I found the article here: http://thekouk.com/blog/the-kouk-vs-christopher-joye-on-house-prices.html#.UzjpMfmSy2U Koukoulas seems to take great pleasure in giving Joye a taste of his own medicine (the challenge thrown down to Grantham a few years back). And the...

Someone suggested to me that his change in tune happened when he left Business Spectator and Property Observer to join the Fairfax stable. Around that time he stopped publishing his own independent blog with its pro-property stance. I don't know what to think, really.

CJ is neither a prophet of doom nor your usual property knocker. I wouldn't brush him aside just like that. In fact during the 2010 mini-boom when the house price vs household disposable income ratio was about the same as now, he was most vocal in dismissing out of hand any talk of bubble...