Your house is on a P/E of 44 (continued)

Here is an article to save and check back on next year.

https://www.afr.com/property/residential/sydney-house-prices-to-soar-21pc-nab-20210726-p58cuu

I just don’t know how they can value and predict the whole of residential housing prices in Sydney with any analytical integrity and honesty.

Is it just based on estimates from biased parties?

Do they realise that a 20% rise is an astronomical spread above the cash rate for an asset which is already trading on a Price/Earnings Ratio of ~ 44?

Maybe it’s because residential property is government (tax) subsidised ?
Don’t tell me that equities are in a bubble or even overvalued.
Pfft !

#sydney#property#realestate