http://www.businessspectator.com.au...ket-cool-pd20100129-25VS7?OpenDocument&src=mp
I know we get articles listed all the time but I recommend reading this one.
It is one the best articles I have seen in a long, long time on the real growth or otherwise in housing, written in relatively plain English.
As a non-economist I liked how they pointed out that the RD Data hedonic index shows growth never really went backwards but also has not boomed, like median measures indicate. This made sense to my experiences as clearly overall prices never went 30% down and then 50% up like same say except in isolated sales.
It also claims with figures that prices are not unaffordable compared to income. Using the fact household income has increased and that wages is a poor measure.
Really worth a read, Peter 14.7
I know we get articles listed all the time but I recommend reading this one.
It is one the best articles I have seen in a long, long time on the real growth or otherwise in housing, written in relatively plain English.
As a non-economist I liked how they pointed out that the RD Data hedonic index shows growth never really went backwards but also has not boomed, like median measures indicate. This made sense to my experiences as clearly overall prices never went 30% down and then 50% up like same say except in isolated sales.
It also claims with figures that prices are not unaffordable compared to income. Using the fact household income has increased and that wages is a poor measure.
Really worth a read, Peter 14.7