stop playing the victim all the time, it's not a good look.
OK, well if you're no longer obsessed with me, then perhaps you'll stop chasing me around the forum now.
What's the matter shadow, can you give it out but not take it in return? You're the queen of stalkers if anyone is? Following me around, and trying to dissect every post I make with your home grown charts and bullshit statistics
Why don't you take a teaspoon of cement and stop your incessant whining you old bitch
Trollie
15 Aug 2015, 11:10 AM
Terry
14 Aug 2015, 10:06 PM
If big data works on the rawest data possible
So you think "big data" where data sets are huge, will be interpreted with no analytic's? Just the raw terabytes.
Dolie dolie dolie, I thought you had sworn off trying to think and join discussions and had gone back to the grunting and nose picking that you excell (are really good ) at. But here you are again making a fool of yourself, tripping over simple concepts ( Ideas ) and fucking up all your spelling and grammar.
Just stick with basics dolie... grunt grunt, grunt grunt.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
That's not an answer. To look at the data. A daring move I know.
Yes, it is. Understanding data structure is essential before starting any analysis. Secondly, looking at a single data point which shows the median sale as 84K lower than in the previous in a month is an obvious focal point considering:
1. Those sales represents 30%+ of total sales
2. 84K is larger than an annual salary and probably closer to 16-18 months of actual take home salary
That's what good analysts do. They look at interesting points like this and understand the relationship across data sets. It's big business and that's where people get paid far more than suburban handymen. The REINZ market commentary is no more sophisticated than what most people learn at high school.
It's 2015. We're in an age of data analytical revolution. Pushing the boundaries is not just interesting. It's fun.
Yes, it is. Understanding data structure is essential before starting any analysis. Secondly, looking at a single data point which shows the median sale as 84K lower than in the previous in a month is an obvious focal point considering:
1. Those sales represents 30%+ of total sales
2. 84K is larger than an annual salary and probably closer to 16-18 months of actual take home salary
That's what good analysts do. They look at interesting points like this and understand the relationship across data sets. It's big business and that's where people get paid far more than suburban handymen. The REINZ market commentary is no more sophisticated than what most people learn at high school.
It's 2015. We're in an age of data analytical revolution. Pushing the boundaries is not just interesting. It's fun.
It does sound like you are calling a top for Auckland and falling prices from here. Is that right, you normally aren't brave enough to make a call, what changed your mind on this call?
Any expressed market opinion is my own and is not to be taken as financial advice
take a teaspoon of cement and stop your incessant whining you old bitch
Angry much? Put me on ignore if my posts get to you
No, never angry with you bulls, I don't even get frustrated now. My role here is akin to that of a teacher in a special school but I forget that sometimes and you get confused. I must remember, little steps for yoir tiny feet.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
It does sound like you are calling a top for Auckland and falling prices from here. Is that right, you normally aren't brave enough to make a call, what changed your mind on this call?
Why call a top on Auckland house prices? The NZ economy is heavily reliant on it at the moment. The institutional juggernaut realizes how crucial house prices to consumer spending. But that misses the whole point of volatility and what it actually means. Only the data nerds are interested in that. And variance in data patterns is far beyond the scope and interest of most people in the suburbs.
Auckland property sales race ahead while prices mark time LINK
While Auckland house sales activity was at its highest in more than 15 years during July, price increases stalled with the average sales price at $827,359 remaining much the same as for the past two months.
"In July, the average sales price was within $1000 of that for June, and only $5000 ahead of that for May," said Peter Thompson, Managing Director of Barfoot and Thompson.
"A stable average price over a three month period is a trend we have not witnessed for some time.
"The combination of high turnover and stable price, points to buyer confidence in the strength of the market at current prices but also recognition that property is fully priced.
"The last three months of trading also demonstrates that high sales numbers can be sustained without prices increasing.
"The first signs that price increases were slowing could be seen in last month's sales figures, and this month's results confirm that prices are no longer racing ahead.
"In fact, the median price in July at $757,000 is down $29,000 on that for June, but up $7000 on that for May.
"What continues without pause, however, is property turnover, and in July we sold 1388 homes, 18.9 percent higher than the number in June and 41.2 percent higher than in July last year.
"It is the highest sales figure for a July going back to 1999, and 4.5 percent higher than in July 2003, the year normally regarded as the most active on record.
"New listings at 1777 were the second highest for any month this year (the highest being in March at 1997), and were 27.3 percent higher than in July last year.
"Total listings at month end at 2802 were at their lowest since December last year, and will contribute to choice remaining tight during August.
"Sales of properties in the million dollar plus category at 411 during the month were the second highest on record.
"There was also strong interest in property in the under $500,000 category, with sales numbers reaching 200 and representing 14.4 percent of all sales. In June sales of properties under $500,000 fell to 13.6 percent of sales.
"With Spring approaching comparing market activity in the next few months with 2014 trading could be challenging, as in 2014 trading was significantly impacted by a 'wait and see' attitude that developed as we moved towards the General Election. In the lead up to the election sales numbers slowed and prices did not recover until November."
Any expressed market opinion is my own and is not to be taken as financial advice
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy