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Ten reasons to feel positive about the Australian economy
Topic Started: 11 Sep 2015, 06:37 PM (4,575 Views)
Shadow
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Chris
14 Sep 2015, 02:56 PM
How about you start with number 4. Annualised economic growth whilst wages are being reduced
Sorry to hear about your pay cut, but fortunately wages are rising on average.

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the assertion that people will spend 100's of thousands on reno's because the next their properties have gone up in value is laughable
Who asserted this?

Quote:
 
It's even low for you to grab onto something like this and run with it
Where did that happen?
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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peter fraser
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ThePauk
14 Sep 2015, 02:09 PM
In the Capital Cities Zaph. John accurately called the peak.
Weekly and now monthly changes.... doh!

http://www.scribd.com/doc/280789139/Weekly-Market-Update-Week-Ending-2015-September-13
The pace of annual capital gains has slowed in
August however, the trend remains strong


http://www.corelogic.com.au/resources/pdf/indices/chart-pack/2015-09-07--corelogic-rpdata-housing-economic-chartpack.pdf
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
14 Sep 2015, 03:54 PM
The pace of annual capital gains has slowed in
August however, the trend remains strong


http://www.corelogic.com.au/resources/pdf/indices/chart-pack/2015-09-07--corelogic-rpdata-housing-economic-chartpack.pdf
Lol, your denial is brilliant!

Posted Image

Now Peter is -0.5% an increase or a decrease for the monthly change?
Peter is -0.2% an increase or a decrease for the weekly change?
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zaph
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ThePauk
14 Sep 2015, 02:09 PM
In the Capital Cities Zaph. John accurately called the peak.
Weekly and now monthly changes.... doh!

http://www.scribd.com/doc/280789139/Weekly-Market-Update-Week-Ending-2015-September-13
The tables in your link are so small I need a magnifying glass to read them - perhaps that's on purpose. A week or a month means nothing. You call yourself an academic!

Small weekly, monthly or even quarterly falls mean nothing. Peth and Darwin are the only capitals that have had any sort of significant falls.
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ThePauk
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zaph
14 Sep 2015, 04:22 PM
The tables in your link are so small I need a magnifying glass to read them - perhaps that's on purpose. A week or a month means nothing. You call yourself an academic!

Small weekly, monthly or even quarterly falls mean nothing. Peth and Darwin are the only capitals that have had any sort of significant falls.
Zaph, is -0.5% an increase or a decrease for the monthly change?
And is -0.2% an increase or a decrease for the weekly change?

So you want to call a fall, a rise now? Strange..... all big falls start somewhere Zaph.
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zaph
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ThePauk
14 Sep 2015, 04:24 PM
Zaph, is -0.5% an increase or a decrease for the monthly change?
And is -0.2% an increase or a decrease for the weekly change?

So you want to call a fall, a rise now? Strange..... all big falls start somewhere Zaph.
Pauk, so a week change is significant? So you want to call a week or month fall a trend? So you want to say I said things I did not. Strange...

Is a 0.5%, or 0.2% change significant after an 8.2% yearly increase?

What did you lecture in? Spoon polishing?
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peter fraser
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ThePauk
14 Sep 2015, 04:02 PM
Lol, your denial is brilliant!

Posted Image

Now Peter is -0.5% an increase or a decrease for the monthly change?
Peter is -0.2% an increase or a decrease for the weekly change?
I would call it a normal fluctuation within an upward trend, but if it allows you a couple of nights sleep then you can call it a downturn if you choose.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
14 Sep 2015, 04:52 PM
I would call it a normal fluctuation within an upward trend, but if it allows you a couple of nights sleep then you can call it a downturn if you choose.
lol, so when they are going up, you calling them rising and when falling, a normal fluctuation.

Well done Mr Mortgage Broker.
zaph
14 Sep 2015, 04:41 PM
Pauk, so a week change is significant? So you want to call a week or month fall a trend? So you want to say I said things I did not. Strange...

Is a 0.5%, or 0.2% change significant after an 8.2% yearly increase?

What did you lecture in? Spoon polishing?
Trend?
I simply stated that over the last month and week, prices have fallen.
When did I say anything about a trend?

IMO, John got his call right and the 'trend' will now be down.
Edited by ThePauk, 14 Sep 2015, 05:05 PM.
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peter fraser
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ThePauk
14 Sep 2015, 05:04 PM
lol, so when they are going up, you calling them rising and when falling, a normal fluctuation.

Well done Mr Mortgage Broker.

Trend?
I simply stated that over the last month and week, prices have fallen.
When did I say anything about a trend?

IMO, John got his call right and the 'trend' will now be down.
Well what do you call todays "trend" then.

http://www.corelogic.com.au/research/daily-indices.html

I would call it a fluctuation within a trend, but if you're certain that it's a trend then so be it.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
14 Sep 2015, 05:56 PM
Well what do you call todays "trend" then.

http://www.corelogic.com.au/research/daily-indices.html

I would call it a fluctuation within a trend, but if you're certain that it's a trend then so be it.
I call it the 'peak' and the 'trend' will now be down.
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