Welcome Guest [Log In] [Register]


Reply
RP Data Weekly Dwelling Price Index Update September 2013
Topic Started: 6 Sep 2013, 01:38 PM (12,295 Views)
b_b
Default APF Avatar


hoofarted
13 Sep 2013, 04:35 PM
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.
Edited by b_b, 13 Sep 2013, 05:50 PM.
(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

newjez
13 Sep 2013, 04:05 PM
Perth has stalled
bullshit, open your eyes.

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?
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


newjez
13 Sep 2013, 04:05 PM
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.
Interesting choice of words.
ooooohhh..
Correct.

Edited by Blondie girl, 13 Sep 2013, 06:58 PM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Pig Iron
13 Sep 2013, 06:52 PM
bullshit, open your eyes.

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

http://www.rpdata.com/research/daily_indices.html

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]
Edited by newjez, 13 Sep 2013, 08:30 PM.
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
 
Mike
Default APF Avatar


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.
http://mike-globaleconomy.blogspot.com.au/
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Mike
13 Sep 2013, 11:30 PM
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?'
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


newjez
14 Sep 2013, 02:02 AM
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.

Here is Perth - it's worth considering the movement in the graph.

Look at the movements in Sydney since October 2011 and the strength of the market now.
Edited by peter fraser, 14 Sep 2013, 07:26 AM.
Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Mike
13 Sep 2013, 11:30 PM
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%?
Edited by newjez, 16 Sep 2013, 05:56 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?'
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Update for week ending 20 September 2013

The RP Data index rose 0.56% this week, with gains in all major cities except Perth.

Posted Image
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


Ha Ha - very funny. Come on Shadow - please put the real Perth data in. We all know it's booming, Mike has been to all the home opens.
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)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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