Macrobusiness, in their frantic desperation to get their summary out before me, only run to Thursday's data.
This enables them to publish a 'weekly' report early on Friday mornings, but their report doesn't include the RPData movements for the Friday.
I wait until after 11am on the Friday (when RPData update their index) so I can cover the full week ending Friday.
But they have a Perth Gain from trough of 10.8 - whereas you have it as 12.2. Fridays figures were -ve for Perth - so what gives?
They also have a weekly movement of -0.44 for perth, you have -0.22 and todays fall is -0.09 for perth. This doesn't look like it adds up. Of course there could have been a positive movement last Friday that macro business are not including. But even so, I would expect both the recover from trough and the weekly movement to be in sync. What am I missing?
They also have a weekly movement of -0.44 for perth, you have -0.22 and todays fall is -0.09 for perth. This doesn't look like it adds up. Of course there could have been a positive movement last Friday that macro business are not including.
You would have to look at last Thursday's movements. They run from Thursday to Thursday, and I run from Friday to Friday.
As for any other differences, who knows... Macrobusiness make so many errors, it's hard to know what way they're calculating it.
It's possible they use the national index trough date as their trough, whereas I use individual index troughs for each city.
But they have a Perth Gain from trough of 10.8 - whereas you have it as 12.2. Fridays figures were -ve for Perth - so what gives?
They also have a weekly movement of -0.44 for perth, you have -0.22 and todays fall is -0.09 for perth. This doesn't look like it adds up. Of course there could have been a positive movement last Friday that macro business are not including. But even so, I would expect both the recover from trough and the weekly movement to be in sync. What am I missing?
The RPData index rose 0.11% this week, with gains in Sydney and Adelaide, and declines in Brisbane, Melbourne and Perth.
And nationally below the peak without taking inflation into account.
Which asset class / commodity is above its previous peak in real terms?
Gold? No US Equities? No Aust Equities? No Uk Equities? No US Bonds? No Aus Bonds? No US property? No Commercial property? No UK House prices? no Oil? No Silver? No Coal? No Ore? No Wheat? No Nikkei? No Shanhai Composite? No
etc etc etc
I expect Australian housing to get there soon though.....
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