Dec 04, 2006 4:05 pm
FHB, many times have I read in overseas publications the true state of economic matters in Australia. Think it was about 3-4 weeks after I read in overseas publications that Australian residential property was the most over-valued in the world before that article appeared way down the news stories(low priority) in Australia.
The true reasons for interest rate variation in Australia are also to be read in o/s publications.
The Australian media seems to either engage in economic banter or seem to not like printing stories their readers do not want to hear.
There appears to be more info in US treasury documents about AUS than here? Or is that my sourcing here is not good?
Re: Accurat Predictions and interpretation of Data2
Dec 05, 2006 1:07 pm
The problem with saying that Aus property is overvalued, is that it seldom compares like with like.
Eg. A 4 bed house 8km from the city in Melbourne vs like in Uk or other places in Europe. How much account is taken of floor space, in Aus maybe 400sqm in Uk, maybe 120sqm. In Uk no garden, in Aus maybe 300sqm. What about the economy of compared city ie can you find work etc.
It is very subjective and open to interpretation deliberate or unintended.
The best way is to judge for yourself not rely on some inflexibe report.
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