SQM Research’s managing director, Louis Christopher, released his weekly email newsletter last night, which once attempted to dispel the notion that Australia has a housing bubble:
I’ve noticed increasing media chatter about a national housing bubble that we apparently have, here and now! Let me tell you it’s wrong to take a broad-brush stroke on the housing market when all the evidence suggests there is no national housing bubble currently in existence. Sure, you could make the claim that Sydney property is overvalued and in bubble territory. Perhaps you could make the claim that parts of Melbourne are also experiencing a strong run up in prices as well.
