Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 6
RP Data Weekly Dwelling Price Index Update September 2013
Topic Started: 6 Sep 2013, 01:38 PM (12,297 Views)
Trojan
Default APF Avatar


Shadow, does your chart mean the Australian median price is now only 0.5% from its all time peak?
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Trojan
6 Sep 2013, 04:11 PM
Shadow, does your chart mean the Australian median price is now only 0.5% from its all time peak?
Yes, according to the RP Data index.

The ABS index has the national median already above its 2010 peak.
Edited by Shadow, 6 Sep 2013, 04:15 PM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

in a way the bears were right. australian housing had a correction.

they just got the time and amount wrong....
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
Strindberg
Member Avatar


Pig Iron
6 Sep 2013, 04:17 PM
in a way the bears were right. australian housing had a correction.

they just got the time and amount wrong....
They witnessed the 2010/2011 correction (down 5.0% from Q2/2010 to Q4/2011*), got excited, wet their knickers and thought it was the mythical crash they had been promised by the media tarts. They then sat and waited....and waited.....and missed the bottom.

Exactly the same thing happened with the 2008/9 correction (down 5.5% from Q1/2008 to Q1/2009*). They got so excited they even organised celebratory piss-ups via GHPC. Then they waited...and waited....then disappeared whilst prices rose 21% from Q1/2009 to Q2/2010*.

* Figures from ABS 8 cap city index
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)
Profile "REPLY WITH QUOTE" Go to top
 
Sober
Default APF Avatar


Shadow
6 Sep 2013, 04:14 PM
Yes, according to the RP Data index.
Considering the discrepancy between RP Data and the Victoria Valuer-General, reliance on the former seems rather hazardous...

:pop:
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Sober
6 Sep 2013, 06:00 PM
Considering the discrepancy between RP Data and the Victoria Valuer-General, reliance on the former seems rather hazardous...

:pop:
The VG report is based on raw medians and very much subject to compositional bias.

RP Data publish hedonic and stratified indices that correct for compositional bias.

You would expect them to have 'discrepancies' since they measure different things.

In fact it would be bizarre if they matched.
Edited by Shadow, 6 Sep 2013, 06:08 PM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Sorry - have I missed something? Sydney's doing very well. Everywhere else is almost back to where it was three to four years ago, not taking inflation into consideration. Break out the champagne guys!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Sober
Default APF Avatar


Shadow
6 Sep 2013, 06:06 PM
The VG report is based on raw medians and very much subject to compositional bias.

RP Data publish hedonic and stratified indices that correct for compositional bias.

You would expect them to have 'discrepancies' since they measure different things.

In fact it would be bizarre if they matched.
Do please explain how "compositional bias" affects a sample of 93% of market transactions over a full quarter year, more than a "stratified, hedonic" whatever-the-fuck metric that attempts to measure "current" daily market movements using far less complete samples of months-old data.

Please be detailed and specific in your explanation...

:lol :pop:
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

newjez
6 Sep 2013, 06:30 PM
Sorry - have I missed something? Sydney's doing very well. Everywhere else is almost back to where it was three to four years ago, not taking inflation into consideration. Break out the champagne guys!
is this you saying the crash has passed?
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Pig Iron
6 Sep 2013, 08:05 PM
is this you saying the crash has passed?
What crash? You'll need something pretty big to cause a crash. Not out of the question - but I'm not saying it's likely. No this is me saying things have been pretty flat, and as far as I can see, things will continue to be pretty flat.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
ZetaBoards gives you all the tools to create a successful discussion community.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 6



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy