Here are 21 graphs/charts that certainly indicates an Oz house price bubble. IMO, the Household Debt to GDP Ratio chart is the most scary, especially now that the mining boom has officially ended.
http://www.businessspectator.com.au/bs.nsf/Article/australian-property-prices-history-housing-investi-pd20130221-553RZ?opendocument&src=idp&utm_source=exact&utm_medium=email&utm_content=190918&utm_campaign=kgb&modapt=commentary
Quote: Also unsurprising is that all bubble deniers have conflicts of interest, and in an age of the secular equivalent of religious fanaticism and greed, facts and history are conveniently dispensed down the memory hole.
proof of the house price bubble
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