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Housing bubble? Not likely

We do not believe that the recent strength in the Australian housing market is a cause for concern. Indeed, we maintain our long-held view that claims of vulnerability in the Australian housing market are often overblown.

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Comments

Claremont
Well constructed argument. People interested in this may want to check out this cool widget from "The Economist" you can graph house prices in absolute terms, real terms, against average rents and against incomes. http://www.economist.com/blogs/dailychart/2011/11/global-house-prices

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