The Perth RP Data figure of 10% is for 12 months to TODAY.
The Perth ABS figure tomorrow will be for the 12 months to 30 June 2013.
The Perth RP Data figure for the 12 months to 30 June 2013 was 6.0%.
The ABS figure tomorrow needs to be compared with the RP Data figure of 6% for the 30th of June, not with the RP Data figure of 10% for the 12 months to today.
By the way, the Perth ABS figure for the 12 months to 31 March 2013 was 6.1%.
Why? Because it will make you look silly if we compare it to the 10% value you've been crowing about?
Do you know the data already Mr ABS insider?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Timmy's credibility is undermined fatally not by what he has to say about housing but what he has to say about mining.
I dont even work in the industry but the dogs on the street in Perth know the party is over.
Not Timmy though, he lives in a different Perth were the party just keeps rolling on.
Dogs on the street? Is that what you base buying a property on, each to their own.
It is funny to watch more and more "experts" back peddle now. It seems the mining down turn has been over blown. Wow who knew.
You keep getting it wrong, mining is not slowing at all, in fact it is expanding as our exports expand almost daily. What is slowing is mining investment, but all that nice investment now gets to produce income for this nation for decades to come. Right on que the dollar falls in value increasing our export income, to top it all of resource prices start to rise again.
Demand for Iron Ore seem to be increasing again, hence why the price is steady around the $130 a ton level, it may spike back up towards $150 in the coming months.
Ouch, must be hard to be the preacher of doom and gloom all the time and then nothing happens.
Just so you understand the present day Iron Ore price is over 900% higher then it was in 2003. In 2004 the start of the Perth housing boom the price was $16.5 a ton. We are 780% higher now. In 2006 towards the end of the Perth housing boom the Iron Ore price was $33 a ton. We are presently almost 500% higher. What definition of boom do you use. Despite these huge price rises, exports have more then doubled since 2006 despite the GFC. So not only are prices much higher, but we export much more of it. Enough on Iron Ore and mining.
Don't count on mining falling over any time soon, I would certainly not be putting money on it or your future. Slow down yes, every thing slows down and speed up over time, that is how a free market works. It is what you do during these times that matters.
Why? Because it will make you look silly if we compare it to the 10% value you've been crowing about?
Do you know the data already Mr ABS insider?
Your suggestion and desire of comparing tomorrows ABS figure for the 12 months to 30 June with the RP Data figure for the 12 months to today is an act stemming either from your mathematical illiteracy or an attempt at deception.
Comparing tomorrows ABS figure for the 12 months to 30 June with the RP Data figure for the 12 months to 30 June (6.0%) is very sensible.
I can understand your frustration with being wrong forever whilst Mike has been right all that time.
Perhaps some catharsis program will help? Maybe taking about it would help.
Perthite does not make bold predictions any more as he has been proven wrong so many times no one listens to him anymore. Perthite rarely talks about prices now unless it is Busselton which has 30-40 sales per year. He now talks about vacancy rates despite that rents keep rising. He still has not figured out the vacancy rate is increasing due to so many FHB entering the market. In may the WA treasury paid out more grants then any time in 12 years other then the Rudd stimulus bonanza for a few months. It appears many renters and FHB are indeed buying, to bad Perthite and many others bears are missing the opportunity.
The ABS figures will most likely reflect the average of most other indices up to 30th of June 2013. I would be very surprised if it was higher then the other indices.
Perthite
6 Aug 2013, 12:59 AM
Mike... It's the projects and CAPEX..... Get with the program.
You do understand CAPEX is only there to produce a product, it is increasing the productive capacity of the economy.
Now that many of those projects are complete they are adding to the productive capacity of the economy, hence why Australia is enjoying an export boom and we run a trade surplus.
It is like talking to a brick wall. You're thick as a double brick.
How about we talk about your famous unemployment is rising, jobs are being lost. Opps unemployment went down, thousands of full time jobs created. Or what about WA is in recession, still waiting on a link for that claim but the above discredits that as well. Or how about house prices would fall for the last 18 months, yet they are now up along way. Opps and opps again.
Can you post me a link to a call you actually got right. You need some credibility for people to believe what you say.
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