http://theage.domain.com.au/real-estate-news/australian-houses-most-overvalued-20110304-1bibb.html
Australian house prices remain the most overvalued in the world, according to the latest quarterly ranking of global house prices by The Economist magazine.
Based on a historical gauge of home prices to rents between 1975 and 2010, the magazine estimates that Australian residences are 56 per cent overvalued, exceeding the 54 per cent overpriced rate in Hong Kong and 48 per cent in France.
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I can point to 4 interdependent reports that say the same thing all using slightly different methodology.
http://theage.domain.com.au/real-estate-news/australian-houses-mo...
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