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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,427 Views)
Perthite
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Cool FHB's... A segment.

Overall sales down...

http://reiwa.com.au/Research/Pages/Perth-quarterly-market-charts.aspx

Next.
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Poontang
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Mike
6 Aug 2013, 12:56 AM


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.


It could also fall to $100 too
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Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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newjez
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Strindberg
6 Aug 2013, 01:03 AM
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 agree.

I also agree that looking at the rp data up to today and comparing it with anything or nothing is a nonsense. It's a pointless exercise in futility that will achieve absolutely nothing. I am embarrassed that you would even mention it. As a person who demonstrates an above average ability in numbers, I find it beneath you.

Your statement below is just a nonsense and not really worthy of further discussion. It expresses no faith whatsoever in the quality and accuracy of that data, and as such is meaningless

Quote:
 
'I fully believe that Perth house prices, calculated on the latest data available to RP Data today, are 10% higher than Perth house prices calculated on the latest data available to RPData on 5 August 2012. What more do you want? What more can you expect?'
Edited by newjez, 6 Aug 2013, 02:23 AM.
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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Mike
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newjez
6 Aug 2013, 02:22 AM
I agree.

I also agree that looking at the rp data up to today and comparing it with anything or nothing is a nonsense. It's a pointless exercise in futility that will achieve absolutely nothing. I am embarrassed that you would even mention it. As a person who demonstrates an above average ability in numbers, I find it beneath you.

Your statement below is just a nonsense and not really worthy of further discussion. It expresses no faith whatsoever in the quality and accuracy of that data, and as such is meaningless

It is funny when the prices declined on a daily basis you used it often, same as Perthite. How the tide turns.

Could be a very bad day for bears tomorrow if the ABS confirms the 6% growth for Perth up to june 30th, that would mean RP data is spot on with its indices. Although im sure the ABS will come in lower, they normally do. Could also be a small chance the ABS comes out higher then RP data, that would be utterly devastating for bears, unlikely though. This September quarter is looking to be stronger then the June quarter so far.

On top of this the RBA may lower rates again.

Anyone else picking up on how grumpy the bears are at present.

http://mike-globaleconomy.blogspot.com.au/
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herbie
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Mike
6 Aug 2013, 03:11 AM
It is funny when the prices declined on a daily basis you used it often, same as Perthite. How the tide turns.

Could be a very bad day for bears tomorrow if the ABS confirms the 6% growth for Perth up to june 30th, that would mean RP data is spot on with its indices. Although im sure the ABS will come in lower, they normally do. Could also be a small chance the ABS comes out higher then RP data, that would be utterly devastating for bears, unlikely though. This September quarter is looking to be stronger then the June quarter so far.

On top of this the RBA may lower rates again.

Anyone else picking up on how grumpy the bears are at present.
Think there's a general consensus out there that an ABS figure of 6% for Perth today will be the fat lady singing her song for the sandgropers Mike? 'Course as Blondie reminds us, none of us have crystal gonads ... :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Strindberg
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newjez
6 Aug 2013, 02:22 AM
Your statement below is just a nonsense and not really worthy of further discussion. It expresses no faith whatsoever in the quality and accuracy of that data, and as such is meaningless
Quote:
 
'I fully believe that Perth house prices, calculated on the latest data available to RP Data today, are 10% higher than Perth house prices calculated on the latest data available to RPData on 5 August 2012. What more do you want? What more can you expect?'

The statement of mine which you quote is clear and indisputable. I suggest that your doomer outlook has screwed your ability to logically comprehend simple statements.
Perthite
6 Aug 2013, 12:53 AM
Perhaps you could make a prediction so you can be right as well.... or you could leave gracefully.
I predict that the ABS will today report that Perth house prices rose in the 12 months to 30 June 2013 thus contradicting the message of all the Perth doomers of last year.
Edited by Strindberg, 6 Aug 2013, 10:01 AM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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herbie
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Strindberg
6 Aug 2013, 09:51 AM
I predict that the ABS will today report that Perth house prices rose in the 12 months to 30 June 2013 thus contradicting the message of all the Perth doomers of last year.
I predict that bears (as always) will be early - With the trick being to not be so early you are effectively wrong. (With that still being one I'm struggling to get a handle on.)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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peter fraser
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herbie
6 Aug 2013, 10:12 AM
Strindberg
6 Aug 2013, 09:51 AM
I predict that the ABS will today report that Perth house prices rose in the 12 months to 30 June 2013 thus contradicting the message of all the Perth doomers of last year.
I predict that bears (as always) will be early - With the trick being to not be so early you are effectively wrong. (With that still being one I'm struggling to get a handle on.)
I just can't believe how early you guys are.
Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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peter fraser
6 Aug 2013, 10:36 AM
I just can't believe how early you guys are.
It's a puzzle Peter. I'd put most of it down to a naïve 'n totally mistooken belief in 'free' markets perhaps? But we're learning I guess - 'N that has to be a good thing I reckon ... :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Mike
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http://www.rpdata.com/research/daily_indices.html

Perth up again another all time high reached. This is a very strong rally. Same for Sydney.

The one thing Perth and Sydney have in common is lower unemployment levels and some of the highest incomes in the nation. Both also have tight supply levels of houses and land. Combined with lower rates that is a powerful combination.
http://mike-globaleconomy.blogspot.com.au/
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