there must be something wrong with his graph. House prices in Australia double every 7-10 years. Starting at 100% in 1990 the Australian house prices should be 380-670% in 2010.
soooo........what were the median house prices when they were at 100%???
He talks as if 1990 prices in both countries were reflective of their actual worth. I'm tipping Aussie house prices we higher than Irish ones before the IT boom in Dublin.
That chart is incorrect median house prices are 440 +. Also Ireland never got that high in median prices, trust the IMF to bullshit some more. Only few month before this they said AUSTRALIAN property was overvalued by 40%. It is a bubble and it will burst. We will return to the mean.
there must be something wrong with his graph. House prices in Australia double every 7-10 years. Starting at 100% in 1990 the Australian house prices should be 380-670% in 2010.
rowan1802 1 month ago
soooo........what were the median house prices when they were at 100%???
He talks as if 1990 prices in both countries were reflective of their actual worth. I'm tipping Aussie house prices we higher than Irish ones before the IT boom in Dublin.
martyshire 9 months ago
That chart is incorrect median house prices are 440 +. Also Ireland never got that high in median prices, trust the IMF to bullshit some more. Only few month before this they said AUSTRALIAN property was overvalued by 40%. It is a bubble and it will burst. We will return to the mean.
SilverTongue258 1 year ago
what a baffoon, did he use the house prices from Edithburgh, South Australia? $250,000 house pfffft
jethro502 1 year ago
@jethro502 that % on the left side, not $
bungeecork 10 months ago