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About Michael YardneyMichael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He has been voted Australia's leading property investment adviser and his opinions are regularly featured on radio as well as in major newspapers and magazines throughout Australia. Visit Metropole.com.au
Recently economist Chris Joye highlighted a chart published by The Economist which challenges their suggestion that Australian property is overvalued and likely to crash.
As you can see the graph below shows international house prices in real or ‘inflation-adjusted’ terms since 1975.
Compared to Spain, Singapore, New Zealand, Ireland, France, Britain, Canada, Belgium, and the Netherlands, Australian house price growth has been relatively run-of-the-mill…
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