Does anyone else have an issue with Corelogic?

There's lies, damn lies and statistics....

I follow the darwin market and the numbers broadcast by core logic don't add up to what I'm seeing?

In their latest report they mention that since Darwin's peak in 2014, property prices have fallen by a cumulative 11.5 percent"...

Anyone here is Darwin will tell you that that is BS. We're talking 20-25 percent. Also by 2014 prices were already dropping and fast. The peak was 2012.

In Jan they were telling us that Darwin was the 4th Quarter last year prices rose 5.9 percent?!

This could all just be because Darwin is a small volatile market a million miles away...

Anyone else out there seeing a discrepancy in corelogic's stats?

 

The value of my property in Logan seems to be increasing by $1K every week since I've bought it.
It has now increased $57K since it's purchase price a little over a year ago. (It's a 18% increase from purchase price in a year!)

That would be great if it's true, but I highly doubt it.
I take them with a grain of salt (even when they have a high confidence)

 

Property Report - March 2017

Reserve Bank ditches CoreLogic, but analyst defends home price data

 

For those interested and who pay attention to these stats...

The latest CoreLogic home price growth statistics for the year ending September Quarter show:


Hobart
14.3%

Melbourne
12.1%

Sydney
10.5%

Canberra
7.8%

Adelaide
5.0%

Brisbane
2.9%

Perth
-2.9%

Darwin
-4.7%


About Hobart, keep in mind it is a very small market. Last year, some 5,200 dwellings sold in Hobart, which is just 1% of the Australian market. It also holds a 1% share of Australia’s annual population growth.

It is a small place. It doesn’t take much to influence it.
.