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Just because he thought the market would fall 40% doesn't mean he didn't invest elsewhere. How do you know he is renting? Easy to say prices are between 10 - 35% higher now. Could you have said it then? And thats a wide spread. I think your post goes in my meaningless post basket.

they always say "i dont know where those stats come from, but here's mine" Funny.

Thats just a touch less than 25% since he sold it. :rolleyes:

True, you can create rising prices on falling volume. The problem is that when you see steeply rising prices (as in your graphs) and steeply falling volume at the same time. It renders the reliability and credibility of the graphs almost entirely. The smaller samples will invalidate the...

Not only that, but a lot of auctions are passed in on a vendor/agent bid. Meaning they appear in the press as passed in higher $ than the public's highest bid. The whole thing is a joke. And its in the interests of property spruikers/property related business owners etc to not really take...

Spending a couple of hours in a suburb is not what i call 'being on the ground' I meant living in the suburb. How can you be 'on the ground' in 100 suburbs that you research. You must be good. And the data is dodgy, Ii saw a few graphs of yours recently that were up to May or April 2011...

Sorry mate, you're wrong and your personal bias is showing big time. You are losing sight of the facts. And the facts are that anyone whose property is passed in doesn't have to accept a price lower than what they (or the agent) deem ok. Why does he have to be any different? His property...

Wasn't his 40% fall over a long time period. Like 10 years. So, he isn't wrong yet. His property was passed in at auction and sold by private treaty after. So, your post is wrong on at least 2 counts.

And no, i do not envy them and thats because i am one.

Mate, what are you on about? It's bad form to talk negatively about someone you've done business with privately, let alone publicly. Is your verbosity designed to impress?

The first home buyers grant and boost was only one part of the stimulus. It was a multi faceted stimulus that affected the whole property market, starting with FHB's. (as it was designed to do)

Again, we are comparing your endless graphs and dodgy statistics to whats happening on the ground. 31%?? yeah right.

I Think you're wrong here. No one could have predicted the jump in growth caused by the GFC stimulus, low rates, FHGB, stamp duty discounts etc. Its easy to see it now, but not before the fact.

Thats the opinion of a real estate agent with self interest. Meh!! Credibility = zero. Anyway, i doubt units in Surry Hills have gone up 25% since the sale. I have a friend with a unit just off Crown St and she would absolutely dispute this. Dont be too quick in critcising Mr Keen. Any gain...