Monday, February 17, 2014

Fun and horror with The Economist's house price index

The Economist has updated its interactive global house price index gadget, offering a fun way of viewing Australia's horrendous house price inflation in historical and international perspective.

Follow the link and play around with it (for maximum fun/horror, do a comparison with Germany). Or just behold the indices for Australia, below. Results are to the third quarter of 2013.

(House prices (index), Australia)

 (Real house prices (index), Australia)

(House price/average income ratio (variation from long-term average), Australia)

(House price/rent ratio (variation from long-term average), Australia)

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