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Unlike the US we don't have a housing bubble, because of our increasing population. "Debunking the Australian Housing Shortage" http://www.unconventionaleconom

by justsee 16y ago

Unlike the US we don't have a housing bubble, because of our increasing population. "Debunking the Australian Housing Shortage" http://www.unconventionaleconomist.com/2010/05/debunking-australian-housing-shortage.html http://www.unconventionaleconomist.com/2010/05/debunking-aus... The claim Australia has a housing shortage is not backed up by any decent data (only by very weak / spurious data provided by the property industry itself), and represents a continuing effort by the property industry to explain away all the signs that clearly indicate Australia is in the midst of a massive asset bubble.

carlistixx 16y ago
And a different view: http://www.rismark.com.au/pdf/Macsec_5.pdf http://www.rismark.com.au/pdf/Macsec_5.pdf
- justsee 16y ago
  This is a presentation from Christopher Joye of Rismark, who has gained a lot of notoriety in Australia for being so bullish on Australian property. Rismark sells an innovative shared-equity mortgage product. Shared-equity products require a rising housing market (as consistently advocated by Robertson) to be able to sell what is essentially a wholesale investment in residential property to investors. So I wouldn't state he has a different view, rather his view is the view of the real estate industry, and as he has a vested interest in rationalizing away any bubble he wouldn't be the first analyst to turn to for unbiased, independent opinion. People bearish on property would call him one of the leading property 'spruikers'. That he is continuing to claim there is a housing shortage in a recent presentation really confirms this. Also, providing 'Source: Rismark' shouldn't really cut it for anyone wanting to get a clear picture of the Australian property bubble.