Most likely some sort of data glitch, but if it is not then it could be a sign of things to come. Perhaps BIS got it right after all, perth to be up 22% over the next 3 years.
BIS certinaly matches my thoughts that Perth property is set boom.
It was also released this week that affordable rentals on market in perth is now down to 0.1% that was reported on channel 7 news. The total market is around 1.5%, but most people cant afford $800-1000 per week rent.
Monthly data shows Perth up 4% in one month. No wonder Perthite as gone to ground, he used to live of these data series like it was the bible, I wonder why he does not at present.
Mike posted this on another thread, now a thread of its own? Mike has learnt a new thing, hedonic indexing, and mike feels important and wants to share his new importance with everyone. Clap clap clap.
Mike's new mantra. I am a winner, I am rich and famous, women everywhere love me and I know fuckall about hedonic indexing.
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
Mike posted this on another thread, now a thread of its own? Mike has learnt a new thing, hedonic indexing, and mike feels important and wants to share his new importance with everyone. Clap clap clap.
Mike's new mantra. I am a winner, I am rich and famous, women everywhere love me and I know fuckall about hedonic indexing.
Just sharing the data, make of it what you like.
You bears get so upset if anyone dares post positive data.
Yes I thought prices rising 2.2% in one day would be on interest. If you dont like it, dont read it idiot. No one forces you to.
Hedonic indexing, just because I dont mention it, does not mean I do not know what it is. Perhaps if you looked less at indexes or spreadsheets and got out into the real world, you know got some vitamin D in the sunlight, you might know more about the real world. Perhaps your just a keyboard warrior trolling the net all day with no life experience thinking they know it all.
One big reason why im building a multi million dollar property and your not, I make money regardless of the market. Turn it your advantage.
Mike posted this on another thread, now a thread of its own? Mike has learnt a new thing, hedonic indexing, and mike feels important and wants to share his new importance with everyone. Clap clap clap.
Mike's new mantra. I am a winner, I am rich and famous, women everywhere love me and I know fuckall about hedonic indexing.
Just sharing the data, make of it what you like.
You bears get so upset if anyone dares post positive data.
Yes I thought prices rising 2.2% in one day would be on interest. If you dont like it, dont read it idiot. No one forces you to.
Hedonic indexing, just because I dont mention it, does not mean I do not know what it is. Perhaps if you looked less at indexes or spreadsheets and got out into the real world, you know got some vitamin D in the sunlight, you might know more about the real world. Perhaps your just a keyboard warrior trolling the net all day with no life experience thinking they know it all.
One big reason why im building a multi million dollar property and your not, I make money regardless of the market. Turn it your advantage.
"Perhaps your just a keyboard warrior trolling the net all day with no life experience thinking they know it all"
Perhaps you have just shown yourself to be a complete tool Mike. You misread a very simple piece of data, then ran online to gloat about it. No big deal , happens every day around here. However when someone pointed out your failure you responded with taunts, insults and hyperbolic statements regarding your financial acumen, rather than sucking it up and taking it on the chin. Harden up mate....
"I make money regardless of the market" - Mike the bullshit artist - 2012
Mike, I'm curious to know whether you Timmy and BP get around the perth suburbs on your bmx's and have a clubhouse in a tree with a secret password. Just curious, cos that'd be pretty cool if you did.
You only need to look to melbourne after the GFC, prices up some 50%, although they have falled about 5% from the peak, still 45% above pre GFC levels.
Mike, I'm curious to know whether you Timmy and BP get around the perth suburbs on your bmx's and have a clubhouse in a tree with a secret password. Just curious, cos that'd be pretty cool if you did.
that would be awesome, even better than your $480 club that you and your girlfriends all play dollies in at macrobusiness.
Mike, I'm curious to know whether you Timmy and BP get around the perth suburbs on your bmx's and have a clubhouse in a tree with a secret password. Just curious, cos that'd be pretty cool if you did.
Better then your pink roller blades.
Perthite
25 Oct 2012, 03:40 PM
Yeah still here Mike.... maybe try and think before posting. That's points not %.
how's that boot taste? Alex could you please correct Mike's error in the topic title thanks.
Still up 4% for the month as I stated.
Where is that price crash again? Perhaps if you bent over looked really hard into the large dark brown hole you might find it.
You only need to look to melbourne after the GFC, prices up some 50%, although they have falled about 5% from the peak, still 45% above pre GFC levels.
So a 50% increase minus a 5% decrease = 45% rise?
Try again....
If you want to count pennies, be my guest. I think you understand the post perfectly well. Melbourne house prices had a huge boom, come off alittle but not much. Or did all those people who made hundreds of thousands of dollars in one year hurt your feelings. If your not in the game you cant win, your just a spectator.
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