Allan Hanson

Thank you Patrick, I was thinking I should go through Governors speech your slides and comments have helped..

John Derry

The best chart I've ever seen that graphically illustrates Phillip Lowe's statement that, “Australians watch housing markets intensely, perhaps more so than citizens of any other country.” is the real house prices in 11 countries, 1900–2017 from the the Credit Suisse Investment Returns Yearbook 2018 by Dimson, Marsh and Staunton. Google it and go to page 26 under Long term returns from housing. It shows Australian house prices are accustomed to being the most expensive in the world for much of the past century.