I think D and G postings should go with a rider on how big a property investor the person posting the D and G is!
Useful reference in response to this very issue of over-valuation.
http://www.businessspectator.com.au...ument&src=is&is=Property&blog=Concrete Detail
Amen
Useful reference in response to this very issue of over-valuation.
http://www.businessspectator.com.au...ument&src=is&is=Property&blog=Concrete Detail
Getting accurate measurements of the changing value of Australia $3-4 trillion housing sector is crucial for households, policymakers, investors and developers. And it is a task that we have been engaged in thinking about since 2001. Today many economists and regulators believe Australia has amongst the best housing data in the world. Our crucial advantage rests in the fact that government agencies collect 100 per cent of all home sales – there is no ‘sample selectivity bias’ in the technical jargon. Australia’s largest property information provider, RP Data Ltd (ASX: RPX), then spends up to $10 million a year augmenting that data with a rich range of supplementary statistics. By combining world-class data with best-in-breed academic research we are able to produce some of the most accurate and advanced house price indices in the world.
Notwithstanding all of the above, there will always be those who seek to put a subjective spin on the facts.
Amen