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IMF is wrong about housing bubble, argues economist

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Australian Broker | 16 Jun 2014, 03:00 AM Agree 0
Australia’s house prices are grossly overinflated – if you believe the IMF’s recent analysis. Economist Ross Guest argues there is no house price bubble in Australia
  • dpathle | 16 Jun 2014, 09:51 AM Agree 0
    That's the old saying isn't it..... Get 10 Economists in a room and you will end up with 11 answers. The housing bubble is a worry to some and not to others. Some will want it to burst and others will not. There is the other saying too..... Lies damn lies and statistics. Rob is right..... " the proportion of income spent on housing costs" may be right...... but the Head per home is rising dramatically and therefore the costs are split up within the household. Look at a suburb like Browns Plains where you have 3 to four families living in a 5 bedroom home. Sometimes the academia need to leave their books, stats and desks alone and walk the streets.
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