I find it bizarre Scomo keeps saying that house prices are REAL..i dont know why, maybe its to reassure people that everything is fine. The only problem is, no one ever said these prices were/are or jad been fake..some only say that it is bubbly or unsustainable. He must be inferring bubble prices are fake prices..
The 10% contraction in prices so far in some places in Syd and Melb are also REAL. The 30% correction in some places WA and NT and regional areas are also real, just as real as they had been at the height of the boom when they were much higher.
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Morrison gets it wrong again, page-6
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