"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
Yes. The below is a chart with weekly SOM for Perth greater region from realestate.com.au
I think the lumpy nature is due to a lot of contracts finalizing at the end of the month (I did exclude under contract from the search but believe it must still have an effect), but the trend is pretty clear.
Reiwa figures seem to differ from you somewhat - taken from another post. Still, if you did your graph over a greater range the difference between now and May could just be noise.
'The total number of properties listed for sale has increased from 14,310 for the week ending 8 September to a historical high of 14,634 for the week ending 15 September. This new historical high is four per cent higher than four weeks ago and well above the last peak of 14,584 recorded in May this year.'
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Reiwa figures seem to differ from you somewhat - taken from another post. Still, if you did your graph over a greater range the difference between now and May could just be noise.
'The total number of properties listed for sale has increased from 14,310 for the week ending 8 September to a historical high of 14,634 for the week ending 15 September. This new historical high is four per cent higher than four weeks ago and well above the last peak of 14,584 recorded in May this year.'
Yep I have noticed that with Reiwa as well, I can only assume that the apartments coming online in the city center are having a bigger effect on the Reiwa numbers as it is a smaller overall area than the Perth Greater region filter in realestate.com.au
The measures geographically are simply different and your postulation below shows how simple you are peanut.
The Perth Median house price is calculated on a very narrow geographic area, not even Mandurah is included. Spread the love to cover a similar sq/km area as Brisbane and you pick up Mandurah ($340k median), Pinjarra ($365k median), Northam ($265k median) and Toodyay ($255k median) and the medians would look incredibly similar.
Of course because you are an east coast centric gold hoarding fuckwit none of this will sink in, but people smarter than you (99.4% of the population) get it.
The measures geographically are simply different and your postulation below shows how simple you are peanut.
The Perth Median house price is calculated on a very narrow geographic area, not even Mandurah is included. Spread the love to cover a similar sq/km area as Brisbane and you pick up Mandurah ($340k median), Pinjarra ($365k median), Northam ($265k median) and Toodyay ($255k median) and the medians would look incredibly similar.
Of course because you are an east coast centric gold hoarding fuckwit none of this will sink in, but people smarter than you (99.4% of the population) get it.
Mathew, money to house prices is like fuel to an engine.
If you reduce the fuel flowing to an engine it slows down.
If you reduce money flowing to housing it has to slow down.
Just think of a whore house in a port town and the American fleet hits town, bang up go the whores prices and down flop their panties.
The fleet leaves town and up go the panties and down go the prices. Peter
Foxbat/Peter is the almost the most demented poster on this site.
Nonsensical postings, rhymings and riddles.
But you have to hand it to him, he has a very good track record when it comes to predicting outcomes..
Probably the best on here for saying what will happen followed by that thing actually happening.
Uncanny really.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Why so abusive? Could it be because peter made a huge profit in perth and sold before the downturn and you are still in the game with a portfolio of non-performing assets on IO loans...
2-bob paper millionaires. They always come unstuck in the end.
"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
Come on "jake" just login, or has your login identity been so discredited that's not practical?
"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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