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RP Data Weekly Dwelling Price Index Update September 2013
Topic Started: 6 Sep 2013, 01:38 PM (12,291 Views)
Shadow
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Evil Mouzealot Specufestor

(Previous weekly reports are here and the source data is here)

Update for week ending 06 September 2013

The RP Data index rose 0.49% this week, with gains in all major cities.

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1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Black Panther
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Wonderful news, Thanks. :bye:
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Pig Iron
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Bogan scum

oh dear, just look at that graph.

what new an inventive excuses will bears give us this time? how is macrobusiness spinning this?
I am the love child of Tony Abbott and Pauline Hanson
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Simon
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up near 6 percent already this year, looks like stephen koukoulas call for 10 percent growth in 2013 will be spot on, good call stevo

macro business drongos have a lot to answer for and much smelly egg to wipe off their faces
Edited by Simon, 6 Sep 2013, 01:51 PM.
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barns
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And with Sydney auction clearance rates still over 70% further gains are locked in for the rest of the calendar year for Sydney.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
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Simon
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Pig Iron
6 Sep 2013, 01:44 PM
what new an inventive excuses will bears give us this time? how is macrobusiness spinning this?
dumbass van onselen is claiming the index can't be trusted

"this index is volatile and not seasonally adjusted, hence it can give false readings"

funny he never said that when it was falling
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Mike
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Simon
6 Sep 2013, 02:00 PM
dumbass van onselen is claiming the index can't be trusted

"this index is volatile and not seasonally adjusted, hence it can give false readings"

funny he never said that when it was falling
They never do.

I recall a few Uber Perth Bears questioning the ABS data for June quarter which showed 11% growth YoY. Funny how bears always question the data when it no longer suits their agenda rather then question their own judgement.
http://mike-globaleconomy.blogspot.com.au/
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Blondie girl
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The low interest rates has impacted to increase the house prices..

The RBA also confirms the housing sector has its Mojo ...



Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Andy
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I personally am quite dumbfounded how many people there are out there that think rising house prices are going to be sustainable against falling business and export conditions.

Sure, we might get a little flurry here…and there the the “wealth effect” (which is nothing but an illusion)…but how far do people think this can go?

Our average salaries are nearly twice as high dollar for dollar as even countries like the US.

Even in the face of a falling AUD, they are not going to be sustainable if business conditions continue to deteriorate…especially in mining rich states…

If you look at what is happening in the SME area, there is a potential bloodbath brewing…

So we are going to have house prices run up because of investors, which is going to make everyone feel rich because of the wealth effect…though there are businesses closing down all around, and people friends being laid off and not able to find work…and rising rents are going to be sustainable, though many people cant actually afford them…so they all move in together…etc…

The whole argument surrounding property growth pulling Australia out of this alone…is really absurd…(if we were at the bottom of the cycle sure…but now? seriously?)

If business continues to go south, thus goes property long term…IMHO…it has happened in every other country…

But…oh that’s right, it is different here…
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b_b
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Andy
6 Sep 2013, 02:39 PM
I personally am quite dumbfounded how many people there are out there that think rising house prices are going to be sustainable against falling business and export conditions.
WTF has export conditions have to do with domestic housing? Are you one of those nutters who think we get our money from overseas?
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Sure, we might get a little flurry here…and there the the “wealth effect” (which is nothing but an illusion)…but how far do people think this can go?

For a while I reckon. Prices are only just reaching replacement cost now.
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Our average salaries are nearly twice as high dollar for dollar as even countries like the US.

This is a good thing. Why do you want a low salary? Have you ever asked your boss for a low salary? A decent salary is the main reason why Australia has not had a recession. It is also the reason why our house prices have not collapsed.
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Even in the face of a falling AUD, they are not going to be sustainable if business conditions continue to deteriorate…especially in mining rich states…

Why?
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If you look at what is happening in the SME area, there is a potential bloodbath brewing…

:lol :lol SME is ALWAYS a bloodbath (Seriously, what planet do you live on?). Even in good times, 8 out of 10 every new small business failes within the first year.....
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So we are going to have house prices run up because of investors, which is going to make everyone feel rich because of the wealth effect…though there are businesses closing down all around, and people friends being laid off and not able to find work

You must have pretty shabby friends. Employment is currently 94.3% (unemployment is 5.7%).
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…and rising rents are going to be sustainable, though many people cant actually afford them…so they all move in together…etc…

Rising rents is totally sustainable. Rents may have to give up on a few little luxuries in life (flat screen TV's, gap years, o/s holidays etc)
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The whole argument surrounding property growth pulling Australia out of this alone…is really absurd…(if we were at the bottom of the cycle sure…but now? seriously?)

We are the the bottom of the cycle - have did see housing starts last year?
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If business continues to go south, thus goes property long term…IMHO…it has happened in every other country…

In EVERY Country? Really? Or do you mean the USA and a couple of European Countries?
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But…oh that’s right, it is different here…

First thing you got right.
(S – I) + (T - G) + (M - X) = 0
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