So.... If Sydney is up 5.1% since the 2010 low... This means that anyone who have bought in 2010 onwards *may* just have made back their stamp duty.... Or am I reading this incorrectly?
Anyone who bought after 2010 have more than regained their transactions costs - they also probably feel very happy right now, because that cost is now behind them. Future buyers still have to incur this expense.
Meanwhile, anyone who bought Gold, ASX200, or Bonds at the peak are trying to re-attach their rectum.
Perth has stalled - that much would be bleedingly obvious to a blind man and his dog. Come on shadow. Train these bulls of yours. They can't even read the data you give them. Show them Perths performance since May, compare it with Sydney and Melbourne, and show them the error of their ways.
These lesser bulls are fools. You are a veritable god to them shadow. They are but moths singeing themselves against your greatest. Show them the way, lead them east out of the wastelands and show them the light that is you. (Your Avatar is such a conundrum)
Light the way shadow. Kill the false prophet and show them the way.
Gosh You are sounding quite poetic & religious, sounds like when some one is trying to say.
"DO YOU SEE THE LIGHT?"
So I say .. "No the lights NOT GOING through my ears!"
Shadow is no god, he is the logical leprechaun....very very cheeky dark horse , cool bananas that one. To be sure to be sure.
Cycles boom dada bust ooohh do da day.
La la la.
b_b
13 Sep 2013, 05:48 PM
Meanwhile, anyone who bought Gold, ASX200, or Bonds at the peak are trying to re-attach their rectum.
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.
or are you attempting to make the argument that one week of negative movement in perth is more meaningful than 12 months of steadily rising prices?
Look at REIWA, look at RP Data - Perth has stalled since May. I'm not saying it's dropping, but the rise has stalled. Could start again in the spring, but for now it has stalled. Plus, I doubt the changes to the FHB grant will help things along much. But I won't crow till ABS come out in Nov, as it seems that ABS is the golden index believed by everybody. (I'm trying to whisper as I don't want to wake the trolls)
Look at the % change qtr on qtr for Syd, Mel then Perth
I'm not a fan of RP Data, and yes - for Perth it does bounce around like hell, so it could easily bounce back in spring. But for now - it looks a lot like the market is taking a breather after it's rise.[/quote]
The ABS does not agree with your view point. Up to the 30th of June which is well beyond may we have over 11% growth. Other indices are recording further growth in July and August some are flat like RP data, which a week or so ago was up almost 4%. You will need to wait a few months for RP data as all of the information flows in. The ABS will give a good indicator of growth when that is released.
You should be reminded Newjez that you may be surprised once again by the ABS data as Perth has just experienced its strongest winter sales in 7 years. How much that translate into price growth is to be seen over the next few months as contracts settle. Don't be surprised to see strong growth appear in the months ahead which was a result of a very strong winter.
The strong winter sales in particular in July and August will flow through to RP data over the next month or two.
The ABS does not agree with your view point. Up to the 30th of June which is well beyond may we have over 11% growth. Other indices are recording further growth in July and August some are flat like RP data, which a week or so ago was up almost 4%. You will need to wait a few months for RP data as all of the information flows in. The ABS will give a good indicator of growth when that is released.
You should be reminded Newjez that you may be surprised once again by the ABS data as Perth has just experienced its strongest winter sales in 7 years. How much that translate into price growth is to be seen over the next few months as contracts settle. Don't be surprised to see strong growth appear in the months ahead which was a result of a very strong winter.
The strong winter sales in particular in July and August will flow through to RP data over the next month or two.
Well it will be interesting to see how the sales hold up over the next month or so. That should give us an idea of whether or not the libs have screwed it. I expect a dip - question will be if it's temporary.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Well it will be interesting to see how the sales hold up over the next month or so. That should give us an idea of whether or not the libs have screwed it. I expect a dip - question will be if it's temporary.
Perth naturally has more volatility than usual as the mining boom changes from an infrastructure boom to a production boom. The latter is far less labour intense.
You are right that prices may have become a little softer for a while but they recovered quickly. Louis has a great tool showing listing prices that is updated weekly. So it shows what is happening on the ground now rather than what sales occurred a few months ago.
The ABS does not agree with your view point. Up to the 30th of June which is well beyond may we have over 11% growth. Other indices are recording further growth in July and August some are flat like RP data, which a week or so ago was up almost 4%. You will need to wait a few months for RP data as all of the information flows in. The ABS will give a good indicator of growth when that is released.
You should be reminded Newjez that you may be surprised once again by the ABS data as Perth has just experienced its strongest winter sales in 7 years. How much that translate into price growth is to be seen over the next few months as contracts settle. Don't be surprised to see strong growth appear in the months ahead which was a result of a very strong winter.
The strong winter sales in particular in July and August will flow through to RP data over the next month or two.
So you expect rp data to pick up over the next month or two? By how much do you estimate? Do you think 3-4%?
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