Housing bubble in Australia

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Mar 3rd 2010, 3:44 am

#691

ABCDiamond

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Re: Housing bubble in Australia

Quote:

Originally Posted by coolshadows

the way you doctor the look of statistics, are you sure you don't work for Rismark?

That was a good play with those Rismark graphs wasn't it, showing parts first before the full one

It shows to be wary of some figures, without a full picture.

The real figures that I prefer for that suburb are:

Year Median House Price (annualised)
2001 $106,000
2002 $120,000
2003 $132,500
2004 $160,000
2005 $195,000
2006 $270,000
2007 $351,250
2008 $335,000
2009 $357,500

All bumps smoothed out.... with just a tiny dip in 2008.

Mar 3rd 2010, 3:49 am

#692

ABCDiamond

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Re: Housing bubble in Australia

Quote:

Originally Posted by coolshadows

I've seen the house price charts for 2003 - present (with a continual, but moderate increase above inflation, wages etc...), but was wondering how prices had changed before that...

Sourced from ABS:
http://img8.imageshack.us/img8/5663/historicdata.jpg

I'd have to agree that it appears to be a bubble that has shown signs of a gradual deflation. But I'm no expert.

Isolate that down to 1986 to 1989 and you have a massive bubble that would have people talking about the certain bust to follow. And still they are waiting...

But... we didn't have the Internet to keep us talking about it then...

Mar 3rd 2010, 8:14 am

#693

freebo

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Joined: Feb 2008

Location: Hope Island, Gold Coast

Posts: 1,920

Re: Housing bubble in Australia

Quote:

Originally Posted by ABCDiamond

The owner of the property gets to keep any profit made on the sale.
The bank only gets the interest on the money they lend to you.
The bank gets NO direct share of the profit on sale.

Who is the owner ?

Shouldn't that be "profit or loss"

Mar 3rd 2010, 8:34 am

#694

ABCDiamond

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Posts: n/a

Re: Housing bubble in Australia

Quote:

Originally Posted by freebo

Shouldn't that be "profit or loss"

Never had a loss on a property, so never even considered that.

Mar 3rd 2010, 9:03 am

#695

freebo

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Joined: Feb 2008

Location: Hope Island, Gold Coast

Posts: 1,920

Re: Housing bubble in Australia

Quote:

Originally Posted by ABCDiamond

Never had a loss on a property, so never even considered that.

Me either, but I know its a possibilty.

Really I was just making the point in relation to the great ownership debate that this thread's decended into the lender is always owed their money, regarless of how the property performs.

Mar 3rd 2010, 9:47 am

#696

pomtastic

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Joined: Nov 2009

Location: Dullsville

Posts: 672

pomtastic has a reputation beyond repute

Re: Housing bubble in Australia

Quote:

Originally Posted by ABCDiamond

Never had a loss on a property, so never even considered that.

Or have I, BUT you've got to know when to hold 'em and got to know when to fold 'em.

Mar 3rd 2010, 10:03 am

#697

swigski

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Joined: May 2007

Location: Sydney

Posts: 564

Re: Housing bubble in Australia

Quote:

Originally Posted by ABCDiamond

That was a good play with those Rismark graphs wasn't it, showing parts first before the full one

As always until someone points it out!!

Mar 3rd 2010, 10:10 am

#698

swigski

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Joined: May 2007

Location: Sydney

Posts: 564

Re: Housing bubble in Australia

Quote:

Originally Posted by DownUnderPaddy

Bullsbrook ?? I had to look that one up - never heard of it !
A population of approx 3,900 people.
In a population sample size that small, small changes will cause huge trend deviations. So that graph would not be unusual on that basis surely ?

Bullsbrook??? Shouldn't that have read Bulls**t??