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Prices on the Gold Coast continue to rise; for Mahamad and Pauk to read and weep
Topic Started: 26 Feb 2011, 09:26 AM (3,375 Views)
Strindberg
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This is one of the areas that Mahamad and Pauk claim are crashing. Seems it's just wishful thinking.

http://www.goldcoast.com.au/article/2011/02/26/295015_gold-coast-real-estate.html

Quote:
 
Median house prices on the rise

Barbara Dyer | February 26th, 2011

THE median house price on the Gold Coast increased 2.1 per cent to $490,000 over the December quarter according to the Real Estate Institute of Queensland (REIQ) median house price report.

A more encouraging figure was the 5 per cent rise over the year.


REIQ Gold Coast zone chair John Newlands said sellers were becoming more realistic with their price expectations which was reflected in sales.

"First-home buyers are slowly starting to emerge back into the marketplace, as are the investors," he said.

"We're seeing multiple parties interested, if the right property is listed at the right price.

"With all the infrastructure happening on the Gold Coast at the moment people are viewing this as a positive step for the region.

"The suburbs that performed relatively well for the quarter were mostly outer suburbs where buyers are price-driven, looking for affordability and value for money."

Those suburbs which posted median increases higher than 2.1 per cent on properties under 2400sq m included Arundel (4.6 per cent to $482,000); Ashmore (4.4 per cent to $475,000); Currumbin Waters (3.4 per cent to $486,000); Highland Park (10.7 per cent to $465,000); Hollywell (11.2 per cent to $643,750); Ormeau (5.1 per cent to $449,500); Pacific Pines (3.9 per cent to $470,000); and Robina (5.8 per cent to $545,000). The Upper Coomera median increased 1.1 per cent to $412,500 while Varsity Lakes rose 1.8 per cent to 487,500.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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jrsnr
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Strindberg
26 Feb 2011, 09:26 AM
This is one of the areas that Mahamad and Pauk claim are crashing. Seems it's just wishful thinking.

http://www.goldcoast.com.au/article/2011/02/26/295015_gold-coast-real-estate.html

Quote:
 
REIQ research methodology

In order to measure recent performance of the Queensland property market, Queensland Market Monitor records the median sale price by locality and by local government area (LGA) state-wide where sufficient sales numbers are recorded.

Analysts regard the median sale price, defined as “the middle sale taken from all the sales in a locality throughout a specified period” as the most representative figure. Unlike other averages, which can be skewed by very high or very low sales, the median is generally reflective of current market activity.


Am I right to assume REIQ use raw medians? If so what does this mean?
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Deleted User
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from pricefinder.com.au

Posted Image

Report Summary
Criteria: Map Region (137,354.73 ha)
Sale Date: 26/08/2010 to 26/02/2011
Sale Price:
Land Size: Any
Prop. Type: House
Price Area
Lowest $100,000 0 m²
Highest $5,400,000 5.97 ha
Average $614,622 1,222 m²
Median $520,000 709 m²
Total $778,111,895 154.38 ha
# Sales 1266

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Deleted User
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It is crashing....

Some of those sales from above include....

Sales History 31 HEDGES AV, MERMAID BEACH, QLD 4218
Last Sale Amount: Last Sale Date: Sale Type: Area: Parties Related:
$5,400,000 12/02/2011 Agents Advice - Sale 405 m² No
$11,150,000 13/03/2008 Normal Sale 405 m² No
$9,900,000 15/07/2007 Normal Sale 405 m² No
$1,000,000 20/02/1998 Normal Sale 405 m² No

Sales History 247 HEDGES AV, MERMAID BEACH, QLD 4218
Last Sale Amount: Last Sale Date: Sale Type: Area: Parties Related:
$5,000,000 28/11/2010 Normal Sale 389 m² No
$9,500,000 28/02/2008 Normal Sale 389 m² No
$10,250,000 29/09/2007 Normal Sale 389 m² No
$5,350,000 13/02/2003 Normal Sale 389 m² No
$1,815,000 27/04/1998 Normal Sale 389 m² No

Sales History 102 AMALFI DVE, SURFERS PARADISE, QLD 4217
Last Sale Amount: Last Sale Date: Sale Type: Area: Parties Related:
$3,060,000 17/11/2010 Normal Sale 680 m² No
$4,050,000 07/03/2008 Normal Sale 680 m² No
$1,450,000 28/03/2006 Normal Sale 680 m² No

Sales History 26 DONEGAL CRES, BUNDALL, QLD 4217
Last Sale Amount: Last Sale Date: Sale Type: Area: Parties Related:
$2,850,000 31/10/2010 Normal Sale 1,961 m² No
$4,725,000 18/04/2007 Normal Sale 1,961 m² No
$3,500,000 21/02/2005 Normal Sale 1,961 m² No
$1,400,000 12/01/2003 Normal Sale 1,961 m² No
$1,200,000 13/12/1990 Normal Sale 1,961 m² No

Sales History 56 MARINE PDE, MIAMI, QLD 4220
Last Sale Amount: Last Sale Date: Sale Type: Area: Parties Related:
$2,400,000 13/09/2010 Normal Sale 405 m² No
$3,100,000 17/09/2006 Normal Sale 405 m² No
$2,650,000 18/07/2005 Normal Sale 405 m² No
$480,000 13/09/1994 Normal Sale 405 m² No
$205,000 29/01/1985 Normal Sale 405 m² No

Sales History 23 ADMIRALTY DVE, SURFERS PARADISE, QLD 4217
Last Sale Amount: Last Sale Date: Sale Type: Area: Parties Related:
$2,050,000 05/01/2011 Normal Sale 731 m² No
$2,700,000 31/03/2008 Normal Sale 731 m² No
$1,020,000 31/03/2004 Normal Sale 731 m² No
$950,000 01/10/2003 Normal Sale 731 m² No
$540,000 05/06/2002 Normal Sale 731 m² No
$400,000 22/07/1994 Normal Sale 731 m² No
$72,000 03/03/1975 Normal Sale 731 m² No

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earthsta
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Strindberg
26 Feb 2011, 09:26 AM
This is one of the areas that Mahamad and Pauk claim are crashing. Seems it's just wishful thinking.

http://www.goldcoast.com.au/article/2011/02/26/295015_gold-coast-real-estate.html

:laughing: :laughing: :laughing:

Written by the REIQ

Last time I passed a butchers shop the butcher told me it was never a better time to buy a steak :laugh: :lol:
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efy6rph
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Aren't the increases in Dec just because there are minimal fhbs, reduced buying at the bottom, increases the median?

I can't see how this is good news for bulls, no new entrants is not good for a ponzi scheme.

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Rastus2
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Strindberg
26 Feb 2011, 09:26 AM
This is one of the areas that Mahamad and Pauk claim are crashing. Seems it's just wishful thinking.

http://www.goldcoast.com.au/article/2011/02/26/295015_gold-coast-real-estate.html



far be it for me to attempt to counter your knowledge base by stating simple fact.. but here we go.

I am driving past the "For Sale" signs on my way to and from work every day... I am talking to those both buying and selling on the gold coast, and I think that I have a good understanding of what is happening here price wise...



There are always a few exceptions, but on the whole, prices have gone back to 2008 levels... possibly lower in some areas of the gold coast.

Anyway, believe what you will..
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rastus2
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Strindberg
26 Feb 2011, 09:26 AM
This is one of the areas that Mahamad and Pauk claim are crashing. Seems it's just wishful thinking.

http://www.goldcoast.com.au/article/2011/02/26/295015_gold-coast-real-estate.html



so Strindberg... I guess you were wrong eh ? :beer:
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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earthsta
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Rastus2
5 Jun 2011, 07:32 PM
Strindberg
26 Feb 2011, 09:26 AM
This is one of the areas that Mahamad and Pauk claim are crashing. Seems it's just wishful thinking.

http://www.goldcoast.com.au/article/2011/02/26/295015_gold-coast-real-estate.html



so Strindberg... I guess you were wrong eh ? :beer:







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The Whole Truth
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Any updates stingeburg? :lol
"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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