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First home buyers flee market; Down 40% this year.
Topic Started: 5 Nov 2016, 01:06 AM (3,251 Views)
Rufus
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Ex BP Golly
6 Nov 2016, 10:37 PM
You're not contesting the reliability of ABS statistics as well, now, are you?

$ee$h
I'm surprised that you believe in the integrity of the ABS data for FHB, given that you question everything else.
Edited by Rufus, 7 Nov 2016, 12:10 AM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Ex BP Golly
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Surprise!
Edited by Ex BP Golly, 7 Nov 2016, 01:10 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jimbo
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Ex BP Golly
6 Nov 2016, 10:37 PM
You're not contesting the reliability of ABS statistics as well, now, are you.
Of course, Dolly would never shoot himself in the foot like that.

Would he?
Rufus
7 Nov 2016, 12:08 AM
I'm surprised that you believe in the integrity of the ABS data for FHB, given that you question everything else.
Never hurts to question the ABS.

http://www.betootaadvocate.com/breaking-news/abs-chief-blames-census-crash-on-his-bloody-kids-downloading-viruses-on-family-desktop/
Edited by Jimbo, 7 Nov 2016, 02:09 AM.
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.
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dachopper
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Ex BP Golly
5 Nov 2016, 06:39 AM
You think everyone is involved in a conspiracy to trick property investors into worrying about their investment decisions?

Posted Image
So the information provided + the graph you gave says that FHB market share dropped by 3%

That would indicate - a total number of 125,000 mortgages Australia wide........ Sounds a bit stuffing low to me !

14% = 17,500 ppl, then 100% = 125,000 ish
?

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Ex BP Golly
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dachopper
7 Nov 2016, 02:38 AM
So the information provided + the graph you gave says that FHB market share dropped by 3%

That would indicate - a total number of 125,000 mortgages Australia wide........ Sounds a bit stuffing low to me !

14% = 17,500 ppl, then 100% = 125,000 ish
?

Good. We are all questioning the quality of output from the ABS.

Still, I'm SUPRISED anyone would be shocked that first home mortgage slaves aren't able to compete in what some have called "the great transmutation".

Kids obviously can't keep up with the bubble despite the schizoid attacks upon them for trying to invent other ways to construct status demonstrators as consumers.

I hope they might start buying gold or something rather than scoffing avocado smash!

eg- vintage muscle cars seem a much better investment than houses. Art is very good. Antiques are excellent for preserving value, in recent years late 60s- 70s domestic objects have appreciated very well.





WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Sydneyite
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dachopper
7 Nov 2016, 02:38 AM
So the information provided + the graph you gave says that FHB market share dropped by 3%

That would indicate - a total number of 125,000 mortgages Australia wide........ Sounds a bit stuffing low to me !

14% = 17,500 ppl, then 100% = 125,000 ish
?

Not sure what you are trying to say:

If you look here:
http://www.abs.gov.au/AUSSTATS/abs@.nsf/7d12b0f6763c78caca257061001cc588/05dbce56402ec566ca25723d000f2999!OpenDocument

you will see that about 55,000 new mortgages are taken out every once in Oz for dwelling purchases - so that's 650,000+/year, or about 6.5% if the total number of dwellings (~10M) in the country.

Even at 14%, that makes the number of FHB purchases (with finance) to be 90,000+ per year.

EDIT - note that the OP articles figures are for SYDNEY only! Not the whole of Australia. And the stats do not include first time investment property buyers - ie rent-vestors, (which is very common in Sydney).
Edited by Sydneyite, 7 Nov 2016, 10:31 AM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Trollie
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Ex BP Golly
6 Nov 2016, 10:37 PM
You're not contesting the reliability of ABS statistics as well, now, are you?

$ee$h
Why because I question one set of ABS data, I have to assume everything they do is wrong?

You're a child.
Edited by Trollie, 7 Nov 2016, 10:44 AM.
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Foxy
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Zero is coming...

There has to be a new first home buyers grant and soon.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Ex BP Golly
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Trollie
7 Nov 2016, 10:43 AM
Why because I question one set of ABS data, I have to assume everything they do is wrong?

You're a child.
It's the bull way: "Steve Keen once said something wrong therefore everything Steve Keen says is wrong".

It's what you do- until you have to change your standard behaviour to validate your beliefs.

That's why you are transparently scum.
Edited by Ex BP Golly, 7 Nov 2016, 11:12 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
7 Nov 2016, 11:11 AM
It's the bull way: "Steve Keen once said something wrong therefore everything Steve Keen says is wrong".

It's what you do- until you have to change your standard behaviour to validate your beliefs.

That's why you are transparently scum.
Incorrect, we only pick on steve's bad calls, of which there are many.

Also the ABS isn't just one guy whoring for publicity.
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