Let's take a quick look via six quick-fire graphics plundered from my chart packs.
2 - Long run indices
In fact, Sydney prices are now up by an incredibly strong 63 per cent since Q4 2008, a farcical margin of error for those who were forecasting a crash.
Awkwardly, even Melbourne's prices have shot up by 41 per cent over the past six-and-a-bit years, although price growth does seem to have moderated somewhat of late, on these indices at least. And there is masses of supply in the pipeline in Melbourne too.
And believe me Dr. Chris definitely is old enough to remember the 1980s.
Thank you kindly, Dr. Chris.
This in turn has helped to drive the total value of Australia's dwelling stock up to $5.5 trillion as at March 2015, a figure which for some reason people like to compare to Australia's Gross Domestic Product (it's 3x), though I haven't yet been able to fathom the relevance of the comparison - except to note that a material correction could of course have a notable impact on the wider economy.
Perhaps surprisingly, Western Australia is next in line with the value of dwelling stock growing by 21 per cent to $600 billion over the same time period, in part driven by exceptionally strong population growth in the state.
4 -Mean dwelling prices
Victoria (+4 per cent to $569,100), Queensland (+3 per cent to $462,300) and South Australia (+3 per cent to $416,700) each recorded moderate growth in mean prices.
The exact population growth figures for the same period are not yet known, but the figure is likely to end up punching at well over 300,000, with the latest state total population figures implying that the total is now somewhere north of 7.5 million.
Rents have continued to rise in Sydney over the years too, which itself is telling.
Surprisingly this implies a slight slowdown in completions in the first quarter given that the net year-on-year increase in dwellings was 162,600.