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Zoloft online order ing) and for more information e-mail us ou acheter zoloft at enquiries@austranspac.net.au An article entitled "The Great Australian Housing Bubble" by Ross Gittins and Peter Phillips was published in the Australian House Price Monitor (Abbott, 2011). It makes some very strong claims about the "inflated price of new homes in Australia" and "the risks of a 'real housing bubble' in Australia". The article includes numerous data from various sources which support the claims made and several assertions about the causes of alleged bubble which they attempt to explain. The article makes an interesting empirical claim about the relationship between increase in new housing construction and the rise in home prices over the past decade and says that data indicates that: There has been an increase in housing price rises during this decade and a half. Home prices are now 14% higher than they were in January 2007 and the total stock of new-home sales is now over 18-months ahead of its trough set in August 2007. They discuss various characteristics of the housing stock which they say are associated with rising home prices. They then discuss the relationship between increase in housing supply and higher house prices. Again they argue that: … the rise in house prices and increasing proportion of people borrowing to buy property is consistent with the theory that supply is a key driver. This theory argues that as supply increases, prices need to rise and the ratio of house prices to rents increases. But what is often overlooked when supply increases, house prices do not simply follow prices. The increase in supply is associated with a change in housing prices that is addition to the rise in prices. Finally, the articles concludes saying that: So is there still a housing bubble in Australia? What they actually found was that there no real increase in home prices which "demonstrates that the relationship between house price and rents overall value of housing could not be the result of housing supply per se". (Page 10) That is, the increase in new housing supply did not create a housing bubble. The Zoloft sertralin kaufen increase in supply was actually associated with a decrease in the average price and that is because: A decrease in average prices is associated with a decrease in supply because the increase does not have same effect on prices as it would otherwise. They also conclude that do not know "the cause of the increase in home prices and associated increase in home ownership rates". (Page 12) The fact that they do not answer this question means that their answer is still open to debate. They have an explanation for why home ownership rates are increasing but cannot yet say what that explanation is. In other words, it could be housing supply or it could be a change in the composition of housing that is driving the rise in home ownership. How the article is presented The article contains a number of claims and about the nature of Australian housing. It includes the following claims It says the increase in housing prices over the past decade and a half makes it clear that there was an increase in supply. It claims that home ownership rates have "increased dramatically from only 5% in 1997 to over 42% today". It claims that, It suggests that rising prices are driven by increases in supply. It is claimed that: The rise in home ownership rates indicates an increase in the proportion of people owning a home. It is suggested that the change in home ownership rates is simply "consistent with the theory that supply is a key driver". It is claimed that "house price gains over the past decade and a half are now nearly 14 percent higher than they were in January 2007". In making their case they quote a number of data and graphs also give some examples of data. The article is divided into several parts. Introduction In the first part authors claim that: In 2003, the median new-house price in Australia was just over $400,000 (Abbott 2007). The median unit price has also increased significantly over the past 10 years: According to the latest information from ABS in 2004 (Abbott, 2004) In 2004, the median new-home price was just over $380,000. Median unit prices in 2004 averaged $315,000, compared.
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