Fujitsu JP Morgan report gives sober view of Australian house prices

Housing price growth = credit growth. That's not real wealth. Sad thing is, the lofty valuations are fleeting but the debt is real.

Fujitsu skewers, ANZ boosts housing

The strength of this report is its detailed assessment of the various demographic cohorts that drove the expansion of credit and the fading prospects of them continuing to do so:
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This report is a must read. We’ll have more on it in the next few days.
Presumably by coincidence, ANZ also released a new housing report today drawing the opposite conclusion . . .