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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Metacomet who wrote (86102)8/19/2007 7:12:51 PM
From: MoominoidRead Replies (1) of 306849
 
Here is some data for Australia I just put together. It is for established houses deflated by the CPI specific to each city (all the data is from the Australian Bureau of Statistics):

rpi.edu

Seems like prices went nowhere much for most cities in the previous real estate cycle in the late 80s and early 90s. I expect there will be a lot of correction to trend this time too. It seems that in Aus like the US there is both a 15 or so year cycle and a 4 year cycle in the housing market. At the moment we appear to be at the peak of the next four year cycle after the big boom in the early part of the decade. In Perth this cycle has been stronger than the previous one. Elsewhere it is a weaker cycle.
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