The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Monday, June 25, 2012

Australia's house price-to-income ratio falls to lowest level since March 2003

In great news for prospective home buyers, Australian housing is at its cheapest level since March 2003 based on Rismark analysis of the national dwelling price-to-income ratio (see charts below). Of course, this is just one measure, and does not account for mortgage rates, which are now well below long-term historic averages.