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  1. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    The RP Data-Rismark Home Value Index is not simply a median price: http://www.rpdata.com/property_indices/property_indices.html Neither is the Residex series which also shows falling prices: http://www.residex.com.au/index.php?content=why_indices&from=get_indices...
  2. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    I guess it softens the blow of the .7% fall over the quarter :)
  3. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    Latest RPData index is out... http://www.rpdata.com/images/stories/content/pressreleases/rpdatarismarkhomevalueindexsep30.pdf Prices still falling. More at: http://www.macrobusiness.com.au/2011/09/the-not-so-slow-melt-of-housing
  4. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    All the above are fine reasons for property to do ok in Darwin over the longer term. I would be more interested in hearing how the population stacks up against the amount of housing already available. SQM Research shows sale listings have been increasing for 12 months. There is plenty of...
  5. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    It's certainly seen some incredible growth, what I find amazing is that only a month ago RPData was claiming Darwin's growth may continue to outpace other capitals: http://blog.rpdata.com/2011/02/whats-in-store-for-darwin/ So this correction has been fast and unexpected by leading analysts...
  6. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    I'm not arguing, simply reporting.
  7. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    For 12 months to Feb Sydney was + 3.3% and Melbourne +2.5%. For 3 months to Feb Melbourne was -1%, Sydney +.7%. For 3 months to Feb Sydney was the only city that showed growth. Volume of transactions in Melbourne have almost halved from 12 months ago. But don't worry, falling medians just...
  8. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    Latest figures show slight positive growth nationwide for Feb, but there are some scary numbers in some cities: [edit: PDF has now been removed from the site] Darwin Units down 10.2% over the quarter Hobart Units down 19.8% over the quarter ...wasn't there supposedly a housing shortage in...
  9. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    National figures still haven't surpassed that peak in May. RPData's latest monthly figures out today. http://www.rpdata.com/images/stories/content/pressreleases/rpdata_rismark_home_value_index_feb_28.pdf Things will get worse, before they get better.
  10. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    Was referring not so much to the gains in price, but that you would own MORE than 99% of users here. So if anyone around these parts is the guns & gold type it's possibly yourself :D
  11. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    The funny thing about this post is that you make fun of buying Gold yet I guarantee that your 1kg would put you far ahead of 99% of users on this forum. As usual when there is discussion of falling house prices MichaelW is claiming we are talking "end of the world stuff"... And we have...
  12. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    Did you notice the wink? You missed APM, they also showed a rise. It isn't like you to be not thorough Shadow, lift your game please :D How much has Gold risen year to date even after the correction? The decision to sell although heavily influenced by my thoughts that property will...
  13. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    It might be, but I doubt it. As far as influencing factors goes we have many of the same as 2008: - Falling volume - Falling auction clearance rates - Rising interest rates - Rising stock levels - Same over priced housing (if not more-so) In 2008 starting in the same quarter (June)...
  14. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    Propertunity, check the June month figures for All Dwellings. They fell nation wide for the month of June. DEC, but I thought property was best leveraged? Assuming a 95% lend a .7% drop would be a 14% erosion of equity ;)
  15. hobo-jo

    RPData - House prices falling (nation wide) - Q2 2010

    RPData - House prices falling (nation wide) - June 2010 It's been a long time coming, but finally seeing a nation wide fall starting again. It will be interesting to see whether any actions are taken again by government to try and "prop up" prices (again). Hopefully they learned from the...
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