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Perth REIWA figures are out for March; Where's BP when you need him?
Topic Started: 12 May 2012, 05:31 PM (1,750 Views)
newjez
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Not much positive, but it's not all bad. Just most of it. Even BP would be hard pressed to find positive areas.

here
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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genX
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newjez
12 May 2012, 05:31 PM
Not much positive, but it's not all bad. Just most of it. Even BP would be hard pressed to find positive areas.

here
Looks like divergence has begun. The hoi polloi are getting reamed while the 1% are trading up.
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TED BULLPIT
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I posted some simliar results the other day. Showing that 320 of the 426 or so suburbs or towns in WA showed a loss over the last tweleve months. I think BP must have purchased the property magazine I did and saw these results the week or so before I did. He has probably gone to sell his properties and will return as a hardcore forum bull . ;)
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Elastic
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I've finally discovered where BP's IPs are. Osborne Park up 3.8% over the year. It was a process of deduction.
Only a rat can win a rat race.

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newjez
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Elastic
13 May 2012, 12:42 AM
I've finally discovered where BP's IPs are. Osborne Park up 3.8% over the year. It was a process of deduction.
You'd be pretty hard pressed to find a house in Ossie Park - it's mainly light industrial.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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earthsta
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Mike's gone quiet...
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Mike
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earthsta
13 May 2012, 09:55 AM
Mike's gone quiet...
Sorry I do have a life to live. One of my houses just sold so was busy with that this week. Plus a house I will move into in a month or so is nearing completion. Im also busy doing plans for another construction which will start later in the year and I will move into that one in about 18 months or so. I also have another investment about to start construction. So very busy time for me at present. Time is money. With the rental crisis over here houses are being snapped up quick. I sold my house in less then a week, got the asking price.

http://www.landgate.wa.gov.au/corporate.nsf/chartfiles/$file/mehpm.pdf

Landgate which counts every sale clearly shows the perth medium price moving up from the low of September 2011. Sales volumes now are almost to 2006/7 levels when WA was considered to be booming. Your looking at data which is almost 3 months old, im looking at data which is only a week old.

Keep an eye on data over the comming months, you will see im a very right. How do I know well im out there every day I see what is happening with my own eyes. Im not sitting behind some computer screen, all you see is outdated data.
http://mike-globaleconomy.blogspot.com.au/
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WestAussie
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earthsta
13 May 2012, 09:55 AM
Mike's gone quiet...
You can't really argue with mike -ve means positive. Up means down. Even if numbers are down again next month he will swap over to 'population growth is up' or 'employment is +ve' even though Many people have linked to him how a bubble works ignorance is bliss. If you check out the Perth now forums property there a troll dogman, davo, mike, mat, travs. The comments take about 2-4 hours to be approved yet he/it comments to himself a couple of minutes after himself with a new name agreeing with a post that's not approved yet lol. Funny stuff we always laugh about it, someone being born in a boom not knowing the signs. Always the same rhetoric.
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peter fraser
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WestAussie
13 May 2012, 01:41 PM
earthsta
13 May 2012, 09:55 AM
Mike's gone quiet...
You can't really argue with mike -ve means positive. Up means down. Even if numbers are down again next month he will swap over to 'population growth is up' or 'employment is +ve' even though Many people have linked to him how a bubble works ignorance is bliss. If you check out the Perth now forums property there a troll dogman, davo, mike, mat, travs. The comments take about 2-4 hours to be approved yet he/it comments to himself a couple of minutes after himself with a new name agreeing with a post that's not approved yet lol. Funny stuff we always laugh about it, someone being born in a boom not knowing the signs. Always the same rhetoric.
Mike actually does have some data on his side.

There is the rental vacancy rate that has fallen from a high of 3% down to 0.5%Here.

There is clear evidence in the RPData daily index that prices have risen here.

Even on bear sites such as macrobusiness there is anecdotal evidence that buyer interest in Perth has rebounded.

So Mike could have a point.

Any expressed market opinion is my own and is not to be taken as financial advice
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zaph
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Mike
13 May 2012, 11:35 AM
http://www.landgate.wa.gov.au/corporate.nsf/chartfiles/$file/mehpm.pdf

Landgate which counts every sale clearly shows the perth medium price moving up from the low of September 2011. Sales volumes now are almost to 2006/7 levels when WA was considered to be booming. Your looking at data which is almost 3 months old, im looking at data which is only a week old.
It's median, not medium. If you don't understand medians you can post or PM for an explanation.

Landgate is likely to use a raw median. does it? If they use a raw median then it's meaning is greatly diminished, as they don't allow for compositional bias. If you don't understand compositional bias you can once again post or PM.
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