RP Data’s Tradeable Australian House Price Index
RP Data has just released a daily index of Australian house prices which is designed to be tradeable on the ASX. I expressed my scepticism about this product on PM last night (the audio is below; the transcript is available here).
The many hedge funds that have been looking for a way to short the Australian property market now have a vehicle. Of course, I would suggest careful assessment of the counter-party risk before taking advantage of it!