Housing bubble in Australia
#721
Guest
Posts: n/a
Re: Housing bubble in Australia
You really believe that showing April before March is classed as manipulating figures ?
The figures never changed.... everything you saw was accurate (at least according to RP Data)
Can you really not see what those graphs were showing ?
Or perhaps you can ? ...
#723
Guest
Posts: n/a
Re: Housing bubble in Australia
No matter what the house prices are, the bottom line is HOW MUCH the first home buyers are having to spend to buy a house.
The averages Mortgages for First Home Buyers have been:
Jan-Dec 2007 $257,693
Jan-Dec 2008 $267,054
Jan-Dec 2009 $292,734
Source: Australia Bureau of Statistics 5609.0 Housing Finance Table 9b. Original.
The rest of us can stick with what we have, or upgrade if we have the extra funds to do so.
The averages Mortgages for First Home Buyers have been:
Jan-Dec 2007 $257,693
Jan-Dec 2008 $267,054
Jan-Dec 2009 $292,734
Source: Australia Bureau of Statistics 5609.0 Housing Finance Table 9b. Original.
The rest of us can stick with what we have, or upgrade if we have the extra funds to do so.
#724
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Housing bubble in Australia
Okay. Here some posting stats.
swigski 16.32%
ABCDiamond 24.90%
MartinLuther 6.22%
Amazulu 1.80%
Oh bugger. Those are all wrong now I've posted this.
swigski 16.32%
ABCDiamond 24.90%
MartinLuther 6.22%
Amazulu 1.80%
Oh bugger. Those are all wrong now I've posted this.
#726
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Not in the way that you are trying to say it..., and you know it...
You really believe that showing April before March is classed as manipulating figures ?
The figures never changed.... everything you saw was accurate (at least according to RP Data)
Can you really not see what those graphs were showing ?
Or perhaps you can ? ...
You really believe that showing April before March is classed as manipulating figures ?
The figures never changed.... everything you saw was accurate (at least according to RP Data)
Can you really not see what those graphs were showing ?
Or perhaps you can ? ...
I can see exactly what all your graphs,charts and figures are showing!
When you source figures and then change the way they are presented, of course that is manipulating.
Do you do this on your own website??
Or do you just select from those the figures that just best present your view?
#734
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Housing bubble in Australia
There is of course a housing bubble in Australia. If you compare the cost of renting with the cost of buying there is a serious disconnect. People are valuing homes far higher than the housing utility they provide. I'm not too bothered getting involved in this debate because I had three hard years debating against vested interests in Ireland until I was proved right.
I don't really care about the Australian housing bubble, it will burst in it's own good time and I'll be sure to be far removed from the fallout. The vested interests in Australia are better organised and the government believes that they can keep the bubble going indefinitely through measures like negative gearing and removing restrictions on foreign investment but history has proven time and time again internationally that governments cannot do this forever. Human behaviour is far too complex and any shock can turn consumer sentiment. I've seen what it did to my own country over the last 18 months or so. Irish people getting suckered into the Aussie property bubble get no sympathy from me. Fool me once, shame on me...
I don't really care about the Australian housing bubble, it will burst in it's own good time and I'll be sure to be far removed from the fallout. The vested interests in Australia are better organised and the government believes that they can keep the bubble going indefinitely through measures like negative gearing and removing restrictions on foreign investment but history has proven time and time again internationally that governments cannot do this forever. Human behaviour is far too complex and any shock can turn consumer sentiment. I've seen what it did to my own country over the last 18 months or so. Irish people getting suckered into the Aussie property bubble get no sympathy from me. Fool me once, shame on me...
Last edited by Steve2009; Mar 6th 2010 at 12:50 am.
#735
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Housing bubble in Australia
Anyone who predicts a housing bubble bursting will eventually be right.