Fresh Economic Thinking

Fresh Economic Thinking

Speculative Index update

An update to my favourite housing market metric

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Cameron Murray
Jul 10, 2022
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Guessing which way home prices are heading next is Australia’s national pastime.

Back in 2011, I realised that a good way to understand the state of the housing market was to compare the gross rental yield of housing assets to the prevailing mortgage interest rate. That is why in early 2013 I wrote that

if you have been holding off purchasing a home beca…

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