There's been debate about housing data quality after the Reserve Bank of Australia managed to hoodwink folks into focusing on this furphy while its May and August rate cuts have blown an even bigger housing bubble.
Recall that when the RBA recently lowered its cash rate to new lows, it argued (incorrectly) that it could do so because housing conditions were cooling.
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Christopher Joye is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
