Blowing away the bubble deniers

History shows that dramatic growth in Australian house prices is almost always followed by a crash, so it appears it's only a case of 'when' and not 'if'.

For over half a decade in Australia, a fierce debate has occurred over whether a bubble exists in the housing market. The vast majority of experts, institutions and the public believe that the idea of a bubble is nonsense. On the other side of the coin, a handful of individuals have contested this notion, pointing out the flaws in the bubble deniers’ line of thinking.

We will look over some of the common arguments made by the bubble deniers, to see how they stack up with the facts.

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