Sometimes I wonder how accurate these stats really are.
I know the Cronulla market pretty well on the ground and really can't see how houses would have had a -9% CG in 2013.
From what I saw, the figure should be more like +9% rather than negative 9.
That's a massive difference and probably why I never buy based on stats, just gut.
But I'm not a qualified statistician so could be wrong with my interpretation.
Don't know, I was trying to make the point that expensive suburbs don't always grow any better than other locations which would be easy to demonstrate depending on holding period.