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RP Data Weekly Dwelling Price Index Update September 2015
Topic Started: 4 Sep 2015, 06:48 PM (6,193 Views)
zaph
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stubby
16 Sep 2015, 12:13 PM
The Great Sideways continues in Brisbane, as expected.

:z:
It would be good if RPD kept separate indices for the GC and Brisbane. While the two are tightly linked, they are actually different markets.

As expected by who? You?

Personally, I expect Brisbane home prices to boom in the short term if IRs continue around their current levels. Inner city units, not.
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The Whole Truth
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stubby
16 Sep 2015, 12:13 PM
The Great Sideways continues in Brisbane, as expected.

:z:
Sideways? Have a look at this page, sunnybank hills is a big hit with the chinese, you know the ones with all the money that are bidding prices up.

http://www.oldlistings.com.au/real-estate/QLD/Sunnybank+Hills/4109/buy/

Prices are generally lower than a few years ago. Higher prices could easily explained by houses having been upgraded but the lower asking prices?
"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
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stubby
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zaph
16 Sep 2015, 01:08 PM
As expected by who? You?

Personally, I expect Brisbane home prices to boom in the short term if IRs continue around their current levels. Inner city units, not.
Yeah, me.

I disagree about the potential-to-boom (in real terms) across Brisbane because I'm not convinced about SEQ-wide income growth drivers over the next 2-3 years.

I have a PPoR in the equation, but while it was carefully selected, I don't count on it to provide more-than-typical capital growth over the next decade.

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zaph
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stubby
16 Sep 2015, 01:35 PM
Yeah, me.


I have a PPoR in the equation, but while it was carefully selected, I don't count on it to provide more-than-typical capital growth over the next decade.
Quote:
 
I disagree about the potential-to-boom (in real terms) across Brisbane because I'm not convinced about SEQ-wide income growth drivers over the next 2-3 years.


Income growth in SEQ doesn't matter - it will be a southerner investor-fueled boom.

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stubby
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The Whole Truth
16 Sep 2015, 01:21 PM
Sideways? Have a look at this page, sunnybank hills is a big hit with the chinese, you know the ones with all the money that are bidding prices up.

http://www.oldlistings.com.au/real-estate/QLD/Sunnybank+Hills/4109/buy/

Prices are generally lower than a few years ago. Higher prices could easily explained by houses having been upgraded but the lower asking prices?
Sorry, Sunnybank Hills is outside the current knockdown/rebuild circle of (Taiwan) Chinese O/S investment, centred on the Mains Rd / McCullough St (Sunnybank / MacGregor / Robertson) area.

:bye:
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Shadow
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Evil Mouzealot Specufestor

Update for week ending 18 September 2015

The RP Data index rose 0.31% last week, with gains in Melbourne and Brisbane/GC, and declines in Sydney, Adelaide and Perth.

Posted Image
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Will
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Shadow
21 Sep 2015, 08:00 AM
Update for week ending 18 September 2015

The RP Data index rose 0.31% last week, with gains in Melbourne and Brisbane/GC, and declines in Sydney, Adelaide and Perth.

Posted Image
Thanks shadow, wow Brisbane is so close to been equal with its 2010 price in norminal times! I'm sure someone somewhere still thinks it's in a bubble.
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The Whole Truth
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Looks like sydney isn't going to crack the magic 1 mill median this time around.
Edited by The Whole Truth, 22 Sep 2015, 08:51 AM.
"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
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Shadow
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Evil Mouzealot Specufestor

Update for week ending 25 September 2015

The RP Data index rose 0.44% this week, with gains in all major cities except Adelaide.

Posted Image
Edited by Shadow, 25 Sep 2015, 12:16 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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skamy
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Oh dearie me could it be that Perth is not gonna crash after all the weeping and wailing of the Perth bears claiming 40% price drops and other such silly nonsense.

All these years of throwing rent money down the drain that could have had a mortgage well paid down just in time to enjoy the catch up to normal price growth which has gotta be just around the corner.

Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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