The Role of Narrative in the Australian Housing Market

A narrative is a simple story or easily expressed explanation of events that many people want to bring up in conversation. So I'll give you an example of what I consider to be a Schiller narrative in relation to the Sydney housing market. And Bob actually mentioned this example more broadly in my discussion with him. We were talking about theories of Asian buyers, which has been a feature in housing markets throughout the angler sphere. But it's certainly was a feature in Australia. The empirical data show that the impact of foreign investors in the Sydney and Melbourne housing markets was limited. 64.4% of respondents picked foreign investors purchasing houses in Sydney, which was higher than any other factor. 77.9