Well, you may have heard the term "lies, damn lies and statistics".
Well the aussie house price data from the likes of RP Data, Residex and Rismark is (lies, damn lies and more damn lies).
The consequence is very dire for many have entered an extremely frothy market on a false premise. When the bubble burst this year, the correction will be much much worse when in reality there is no shortage.
In time, we may even discover how serious a glut there is.
