Christopher Joye from the Australian Financial Review wrote an interesting article on 25th August about how print media sells more papers from negative press regarding the housing market than positive press.
[The article concludes:] Reflecting
on the housing debate, [the RBA's Glen] Stevens concludes: “It has to be said that the housing
market bubble, if that’s what it is, seems to be taking quite a long time to
pop – if that’s what it is going to do. The ingredients we would look for in
signalling an imminent crash seem, if anything, less in evidence now than five
years ago.”
Here is the link to the article, it is well worth a read:
Read the Christopher Joye article in full
