grantham, chancellor and keen, page-2

" The best current estimate is that Australian dwelling values are 4.6 times disposable household incomes."

Joye is also making false statements because his house price to income measure is definitely not DISPOSABLE H/hold income.

Because the ABS income measure he uses also includes earnings within superannuation... and last time i checked that wasn't at my disposal.

The official RBA measure would be at just above 5.5x h/hold income as at June 2010.