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House prices crashed a day after the rate cut*; Sydney down 1% in a day
Topic Started: 2 May 2012, 03:58 PM (1,487 Views)
raveswei
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According to mysterious RPData index:
The day after the historic rate cut house prices fell 0.33% (59% annualized)
Sydney crashed 1% (92% annualized)*

Posted Image


* This is how the MSMS news would look like if the opposite happened and prices increased 1%.
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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Discordant
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It looks like Adelaide prices will be up 200% within a year.
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Mr Griffin
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I can't handle the volatility of houses.
I'm getting into those safe shares :lol
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peter fraser
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Mr Griffin
2 May 2012, 04:11 PM
I can't handle the volatility of houses.
I'm getting into those safe shares :lol
Good choice - Woodside (WPL $36.20) is up $1.28 as I write. By Xmas you will make $275 per share.

Ravs new method will make us all rich.

We can't lose....



Any expressed market opinion is my own and is not to be taken as financial advice
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raveswei
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Discordant
2 May 2012, 04:00 PM
It looks like Adelaide prices will be up 200% within a year.
Looks like it will.

This just shows how stupid the whole “daily house price index” idea is.

What this index measures? Price movement between 01/05/12 and 02/05/12? Or movement between 30/04/12 and 01/05/12? Any two day?

Is it possible to get any meaningful information about house price movements from this daily index?

NO
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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miw
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raveswei
2 May 2012, 03:58 PM
According to mysterious RPData index:
The day after the historic rate cut house prices fell 0.33% (59% annualized)
Sydney crashed 1% (92% annualized)*

Posted Image


* This is how the MSMS news would look like if the opposite happened and prices increased 1%.
That's 0.99/630 = 0.16%

Daily prints on the index are meaningless. Even monthly prints have little meaning.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Trojan
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miw
2 May 2012, 05:43 PM
That's 0.99/630 = 0.16%

Daily prints on the index are meaningless. Even monthly prints have little meaning.
Lol. But if you take inflation into account and measure it in USD, it comes out to around 1% fall in 1 day. :tu:
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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miw
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Trojan
2 May 2012, 06:01 PM
Lol. But if you take inflation into account and measure it in USD, it comes out to around 1% fall in 1 day. :tu:
ERK!

you got me you smart city bastard! :lol
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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zaph
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peter fraser
2 May 2012, 04:19 PM
Good choice - Woodside (WPL $36.20) is up $1.28 as I write. By Xmas you will make $275 per share.

Ravs new method will make us all rich.

We can't lose....


it would be amusing if the media reported it like shares. "8 billion dollars was wiped off Australian house values today "
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earthsta
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Discordant
2 May 2012, 04:00 PM
It looks like Adelaide prices will be up 200% within a year.
Sydney's will halve in three months :lol
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