tag:blogger.com,1999:blog-279146381231845671.post2392062508221823404..comments2023-08-16T04:32:23.376-07:00Comments on Bad Outcomes: The Housing Bubble that Wasn'tRobert H.http://www.blogger.com/profile/09454933755396275755noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-279146381231845671.post-64281570785404478012013-03-03T14:43:52.206-08:002013-03-03T14:43:52.206-08:00Can you link to the hedonic or comparison data you...Can you link to the hedonic or comparison data you would consider more appropriate? Neither of the articles you linked seems appropriate as both discuss small changes over quarters or at most two years.<br /><br />The Australian Bureau of Statistics has prices up 71% across an eight city index since 2003. Interestingly, that data catches the 3% decline since 2010 the articles you linked discuss.<br /><br />http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0Charlie Clarkehttps://www.blogger.com/profile/02079017903923824877noreply@blogger.comtag:blogger.com,1999:blog-279146381231845671.post-43084681889717650142013-02-14T22:44:48.439-08:002013-02-14T22:44:48.439-08:00Australian House price statistics are full of trap...Australian House price statistics are full of traps for the unwary. Most of the series don't take account of quality improvement, so you need to look at hedonic data, or better still, data based on resales. That's much harder to get, but it shows that prices have been declining in real terms for some time, contrary to the graph above. <br /><br />http://www.news.com.au/money/property/house-prices-fall-to-record-low/story-e6frfmd0-1226379751250<br /><br />They still have some way to go, by most estimates<br /><br />http://finance.ninemsn.com.au/newsbusiness/motley/8532158/house-prices-to-fall-by-20<br /><br />Still, Australia was certainly the worst country in the world to be, if you're writing about asset bubbles. Bubbles everywhere else have burst, while ours has deflated very gently. John Quigginhttps://www.blogger.com/profile/10830215234726229924noreply@blogger.com