Australian Housing: Bubble or Not?

Australian Housing: Bubble or Not? Guest post by Jonathan Rochford, CFA, Portfolio Manager of Narrow Road Capital Pty Ltd The debate is well and truly on over whether Australian housing is getting bubbly. The media sees its job as to create a conflict so those trying to form a view from reading general commentary could be left thinking that everyone is either a full bubble proponent (see LF Economics, Roger Montgomery or Zerohedge) or of the balanced market view (see your local real estate agent or property developer). Out of all this I found two graphs very helpful – one…