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Maybe they don't manipulate it to that nth. degree. That would take a bit of work on a constant basis. But they certainly know when to turn it on. Like i said, i don't get into this minute analysis of property investing or RE's or whatever. It does my head in and i find it unnecessary. I like...

I don't know what they do exactly or why they do things. I suppose if they can't justify an increasing clearance rate, they can't fudge it too much. they have to have an illusion of credibility i guess. You know how agents love to connect increasing sales to events. After the election sales...

Probably because it coincides with the FHB grant. It would look weird if clearance rates jumped to 70% plus from 30% - 40% in a totally depressed market for no reason whatsoever don't you think. They think that now it has some credibility. Look at at this way. The sector of the market affected...

Yes, yes i know. Its called volume. Agents love volume. they're not too fussed on price. Agents love to create the illusion of activity in the market (or a boom) as people think they will miss out at current prices or miss out on the place they really want so they buy now. Ive seen it happen...

Mate, i don't know what you are on about. I don't get into the minutiae of it all as you love to do. You'll have to ask the REI's your questions. I just know that agents submit the auction results to the REI's voluntarily (they don't have to) and they are easily manipulated. Always have been.

Clearance rates are useless because they are submitted voluntarily by RE agents and the REI's. They are easily manipulated like most statistics but in the case of clearance rates they are manipulated more than most.

Neither, just my opinion. As is all of this.

Mate, if the cash rate gets that low i'm moving to Zimbabwe. Can you imagine the state of our economy, property prices etc.

Not too late if i'm not looking to buy. I wouldn't buy in that area anyway. Horses for courses tho. Remember guys, this is an artificially created short lived price spike in dodgy lower priced suburbs. Like i have said previously, does not make sense for long/medium term property investing...

Yes, that's true but that's why most people sell in a few years. IP's & PPOR 's. And we all know what excessive selling of property does. Not even mentioning forced selling.

Yes, but they always re set at the higher current rate. That's where the trouble lies. Not now, a few years down the track. We all know buying property is not for the short sighted. A lenders rule of thumb is to pressure test your loan application at a conservative 2% above current interest...

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I disagree on a couple of things Michael. They aren't 'hidden' ownership costs, they are quite obvious and upfront and i'm sure most buyers take them into account. Regarding inflation, it is included in the banks interest rate on the loan. I'd say they know what they're doing there. Renters and...

Ok, that's your experience, its not everyone else's. You are talking about a small suburb in the outer west. Possibly the lowest income suburb in Sydney. Lots of Sydney property increased in 07 on the stock market/resources boom. I'm still not convinced its cheaper to buy then rent when all...

The Sydney market fell or stayed flat after its peak in late 03 but then rose significantly on the resources/stock market boom of 07. The only place where it just maybe cheaper to buy then rent is dodgy ex housing commission houses in Tregear, Coyton etc and who wants to buy there. People...

Witzl, I understand what you're saying but i don't think government artificially created activity is a great basis for long term property investing. Or short/ medium term for that matter. The FHB bonus will end some time, interest rates will rise, unemployment will increase, this credit...

Auction clearance rates are provided by RE agents and they're voluntary. If they don't want to submit results if it makes things look bad, they dont. And if they want to to make things look good, they do submit. Auction clearance rates are easily manipulated by the REI's and RE agents and not...