With respect JMG, I'd suggest believing the figures are NOT massaged is potentially somewhat naive. Check out all the vested interests (eg APM owned by Fairfax etc). REIV have been caught out telling porkies numerous times. The list goes on... Read this, just fyi: http://www.macrobusiness.com.au/2011/03/fudge-factor/ Of course you can believe what you wish, I guess, but surely you must wonder why all the evidence at the coalface is not negatively impacting the indices...?
