No mater what is really happening in the market, the major media/departments/groups with vested interest will continue to report "growth" in house prices or at least good prospect for house prices in the future because they can not afford to let the market confidence turn this other way because there are too many properties bough on interest-only loans, and once price growth prospect gone, sellers will compete to get out. Let see how ugly the media/departments/groups will become when they report numbers/information in order to condition the market in the next few year. take it as an example, during the last GFC, every day, you could read "bad" news in the major media, and the market was falling. Then, suddenly, it all became normal and even rosy, while nothing fundamentals had changed. Another example is, a while back, we read somewhere that Chinese money were not the cause of
high house prices in Australia, while we also read elsewhere that Australia house price growth would continue to be strong due to expected continued the high interest from Chinese money. These days, the media has no bottom line of being shameless.
