Inflation is a meaningless statistic in Australia irrespective of whether the ABS can measure it or not. Price levels are what matters here rather than price changes.
Price levels are already super-high and have bolted long ago driven by high house prices, high wage demands, supply side rorts, government charges and high business costs and what was high profit margins.
Competitiveness is already destroyed by these high prices, costs and wages. A 2% price change from a price level already 20-30% above competitors means nothing.
Because it doesn't mirror the exact experience of one of your mates? Someone call the ABS.
You want to mention the abs, the same fwits that told us about some job number figures only a month ago being 112,00 and then revising to around 30,000 the next month.
The abs has proved one thing last month, that their work is a comete croc of lies. How could they be out 400% on the jobs figures and revsisons. We know how they do, by complete fantasy, already proven.
Now let's back to the point here. That the red line for Perth does not show the falls.
Shadows answer was that it takes a year to show up, well if that'sthe case, these numbers are hardly accurate.
And if that is that case shadow, why is it still up when rents had dropped in the twelve months prior to this already ?
I'll tell you why, because they are a compete croc of vested I terest bullshit. Proven how many times over now.......
That the red line for Perth does not show the falls.
Shadows answer was that it takes a year to show up, well if that'sthe case, these numbers are hardly accurate
The ABS figures accurately portray the actual rents paid by tenants from Sep Qtr 2013 to Sep Qtr 2014, which is what they aim to portray. They don't aim to portray current asking rents, because current asking rents have no immediate impact on the rent being paid by the majority of existing tenants, because those tenants are on one year leases and the landlord can't raise their rent until the lease ends. Remember - the CPI figures aim to show what the majority of people are currently paying for goods and services, not what future tenants might pay when they begin a new lease.
The ABS figures accurately portray the actual rents paid by tenants from Sep Qtr 2013 to Sep Qtr 2014, which is what they aim to portray. They don't aim to portray current asking rents, because current asking rents have no immediate impact on the rent being paid by the majority of existing tenants, because those tenants are on one year leases and the landlord can't raise their rent until the lease ends. Remember - the CPI figures aim to show what the majority of people are currently paying for goods and services, not what future tenants might pay when they begin a new lease.
Notice you simply ignored the other fact I mentioned. That they were dropping in the twelve months prior to this as well, yet the line just keeps going up and up. Again it shows what an absoluteload of shite these figures are, exactly the same as their fantasy jobs figures over the last couple of months.
These morons should be abolished from giving any stats, seeing as they are so full of shit and so far from rreality its not even funny anymore.
These morons should be abolished from giving any stats
No - morons who obviously have no idea about statistics, or any formal exposure to tertiary level maths/statistics , should be "abolished" from being able to make ignorant comments about such matters on public forums.....
For Aussie property bears, "denial", is not just a long river in North Africa.....
Notice you simply ignored the other fact I mentioned. That they were dropping in the twelve months prior to this as well, yet the line just keeps going up and up. Again it shows what an absoluteload of shite these figures are, exactly the same as their fantasy jobs figures over the last couple of months.
These morons should be abolished from giving any stats, seeing as they are so full of shit and so far from rreality its not even funny anymore.
Thems the facts, plain as day.
No rents did not fall in 2012 to 2013. You are full of BS.
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