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Perth's real estate boom
Topic Started: 25 May 2012, 09:47 AM (4,533 Views)
newjez
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Mike
27 May 2012, 12:48 PM
Landgate which is the Govt agency which counts every sales of property in the state would disgree with you. As they do count every sale, they are the most reliable source of data as it includes all data not just a sample or survey.

http://blog.residex.com.au/wp-content/uploads/2012/05/April-2012-Property-Market-Statistics.jpg

This shows a 3.5% gain, HIA shows a 2.5% gain. Langate shows a similar gain.

You dont get 17% increase in rent prices, huge surge in sales of up to 50% and not have price rises. So far this year Perth has 10 suburbs in which rent has increased by more than 100%, doubled. April, May have been very good months for sales, wait for this data to come through.

Perth is already starting to boom, if you have not invested already or bought your own home your about to miss out on solid capital gains lets alone skyrocketing rents.
Please post the suburbs Mike.

I'm not denying you may be right, but I fear any boom is out of sync with the rest of the country, never mind the rest of the world, and I fear it will be a FHB trap. Any boom brought on my shortages will bust when those factors cease to apply, and that will happen shortly.
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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miw
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newjez
27 May 2012, 01:07 PM
Please post the suburbs Mike.

I'm not denying you may be right, but I fear any boom is out of sync with the rest of the country, never mind the rest of the world, and I fear it will be a FHB trap. Any boom brought on my shortages will bust when those factors cease to apply, and that will happen shortly.
It's a concern of mine as well. Jobs activity around mining is concentrated on the construction phase rather than the long-term. The current pullback in new projects has built in a pullback in construction down the road.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Alec Smart
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timmy
26 May 2012, 10:25 PM
which part was emotional exactly? as for being subjective, that was the whole point of calling a 10% rise. I don't have a crystal ball so any prediction is purely subjective.

I like the way you claim to be objective and place a whole paragraph called "Interpretation:" under every one of the stats you used. hate to break this to you genius but if your applying your own interpretation to things it's subjective, not objective.

You fail to understand that money from the mining industry is spent in other sectors than mining.

The crowning glory of your post though is that the stats you used do more to back up my prediction - increasing population, wages growth and dropping unemployment. Do tell which part of this story i somehow got wrong?!
Is it bias and an inclination towards supporting specific data (objective factual information)?

Or is it subjectivity (existing only in the mind, illusory, influenced by emotions and personal ideas)?

I believe I was demonstrating objectivity by referring to factual credible data and may have shown some bias towards specific data. Objectivity is a judgment based on observable factual phenomena.

Did you actually look at the data and try to interpret the data?

Why not quote some data, make some comments about your interpretation and try to be objective?
Your call... :bye:
Edited by Alec Smart, 27 May 2012, 06:01 PM.
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Mike
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newjez
27 May 2012, 01:07 PM
Please post the suburbs Mike.

I'm not denying you may be right, but I fear any boom is out of sync with the rest of the country, never mind the rest of the world, and I fear it will be a FHB trap. Any boom brought on my shortages will bust when those factors cease to apply, and that will happen shortly.
I wonder what Newjez meant by shortly, it has been 15 months.

Nice to remind people just how wrong many of the bears called it.
http://mike-globaleconomy.blogspot.com.au/
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newjez
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Do you not concede the rental crisis is over Mike? Is that shortly enough for you Do you not think we've entered a fhb trap? That trap will close. You and I have different timelines. But I think that is our main point of difference.
Edited by newjez, 9 Aug 2013, 05:22 PM.
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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Pig Iron
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Bogan scum

Alec Smart
27 May 2012, 05:37 PM
Is it bias and an inclination towards supporting specific data (objective factual information)?

Or is it subjectivity (existing only in the mind, illusory, influenced by emotions and personal ideas)?

I believe I was demonstrating objectivity by referring to factual credible data and may have shown some bias towards specific data. Objectivity is a judgment based on observable factual phenomena.

Did you actually look at the data and try to interpret the data?

Why not quote some data, make some comments about your interpretation and try to be objective?
Your call... :bye:
Lol. Wonder where this fuck wit has gone? Biting his pillow with tears of rage no doubt.
I am the love child of Tony Abbott and Pauline Hanson
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Mike
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newjez
9 Aug 2013, 05:21 PM
Do you not concede the rental crisis is over Mike? Is that shortly enough for you Do you not think we've entered a fhb trap? That trap will close. You and I have different timelines. But I think that is our main point of difference.
Not until rental prices decline by a substantial level. On the day of the budget social groups are all over the media complaining about the rental crisis. Some supply issues may be solved for the moment but prices are not.

No I do not think it is a FHB trap but one of the best times to buy for along time.
http://mike-globaleconomy.blogspot.com.au/
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Pig Iron
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Bogan scum

TED BULLPIT
26 May 2012, 04:38 AM
You have called me a fool before. Your comment cleary explains you owe to much money somewhere in WA.
Hope you wont be needing that Timmy :bye:

What is also clear is that Mike owes more money on WA property than you do , so you will always know that there will be others worse off than yourself.
yes, you are a fool ted.

I called this like a boss. suck shit.
earthsta
25 May 2012, 09:14 PM
Bookmarked for posterity.

I'll bring the meat cleaver and magnifying glass.
no wonder this one has scurried off.

Edited by Pig Iron, 9 Dec 2013, 03:25 PM.
I am the love child of Tony Abbott and Pauline Hanson
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ivanavanmaanen
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maylands, buy into maylands, great suburg to raise a family in
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