House price increase from trough ... so far

Discussion in 'Property Market Economics' started by wombat777, 1st Aug, 2019.

Join Australia's most dynamic and respected property investment community
Page 10 of 11
  1. Mr Burns

    Mr Burns Well-Known Member

    Joined:
    19th Jan, 2018
    Posts:
    535
    Location:
    NSW
    Between 0% - 100% total growth.
     
    Mr Burns, 15th Feb, 2020
    #181
    DueDiligence likes this.
  2. Harris

    Harris Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    940
    Location:
    Melbourne
    @petewargent
    Given the bumper auction clearance rates past 2 saturdays with record volume for feb, the needle would have moved a fair bit since 14 feb? Would be great to get an update.
     
    Harris, 1st Mar, 2020
    #182
    croseks and Realist35 like this.
  3. petewargent

    petewargent Buyer's Agent

    Joined:
    5th Jul, 2015
    Posts:
    300
    Location:
    Australia
    CoreLogic will report tomorrow...but here you go:

    Pete Wargent Daily Blog: Autumn avalanche
     
    petewargent, 1st Mar, 2020
    #183
    Harris, Scaphella and croseks like this.
  4. Bombers86

    Bombers86 Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    93
    Location:
    VIC
    It would be interesting to see a new graph of CoreLogic for the last few weeks based on the coronavirus effects...
     
    Bombers86, 12th Mar, 2020
    #184
  5. Scaphella

    Scaphella Well-Known Member

    Joined:
    6th Jun, 2016
    Posts:
    535
    Location:
    WA
    Any new charts team ? :)
     
    Scaphella, 19th May, 2020
    #185
  6. petewargent

    petewargent Buyer's Agent

    Joined:
    5th Jul, 2015
    Posts:
    300
    Location:
    Australia
    Voila...might need to rebase to the start of #COVID19 :)

    upload_2020-5-19_22-32-11.png
     
    petewargent, 19th May, 2020
    #186
    wombat777, MWI, Scaphella and 3 others like this.
  7. MikeyM

    MikeyM Well-Known Member

    Joined:
    2nd Jun, 2017
    Posts:
    52
    Location:
    Melbourne
    The trajectory of the Melbourne curve is a concern..
     
    MikeyM, 19th May, 2020
    #187
  8. Traveller99

    Traveller99 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    755
    Location:
    Settled
    What do you think is causing Melbourne to fall like it is?
     
    Traveller99, 20th May, 2020
    #188
  9. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,523
    Location:
    Sydney
    Foreign investment drying up.
    Also, it's still 12% up year on year, so I don't know why people are so worried? Surely having all gains from 12 months wiped out wouldn't be the worst thing in the world?
     
    spludgey, 20th May, 2020
    #189
  10. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    but we dont know how long this will last or whether we will see further drops
     
    MTR, 20th May, 2020
    #190
  11. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Fear
    Job losses, instability
     
    MTR, 20th May, 2020
    #191
  12. petewargent

    petewargent Buyer's Agent

    Joined:
    5th Jul, 2015
    Posts:
    300
    Location:
    Australia
    daily home value index has been #suspended today :)
     
    petewargent, 20th May, 2020
    #192
  13. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,523
    Location:
    Sydney
    What I'm saying though is that even if it drops 12% more (for Melbourne) you're back to where we were a year ago, which isn't a huge deal. I could fall further than that, but to me this all isn't the end of the world. My rents haven't dropped and as long as they don't, it will not negatively impact my long term plan too much.
     
    spludgey, 20th May, 2020
    #193
    John_BridgeToBricks, wilso8948 and MTR like this.
  14. MikeyM

    MikeyM Well-Known Member

    Joined:
    2nd Jun, 2017
    Posts:
    52
    Location:
    Melbourne
    Wow, that is interesting! Your thoughts on the suspension?
    Can we get similar data elsewhere?
     
    MikeyM, 21st May, 2020
    #194
  15. petewargent

    petewargent Buyer's Agent

    Joined:
    5th Jul, 2015
    Posts:
    300
    Location:
    Australia
    they'll report it monthly now instead because transactions are so low that the daily data will be volatile (they do this anyway for the smaller capital cities)

    i guess it's not a good sign, but they probably don't want people to extrapolate too much from a wild daily number!
     
    petewargent, 21st May, 2020
    #195
    MikeyM likes this.
  16. S1mon

    S1mon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    604
    Location:
    canberra
    Removing the daily index is A CONSPIRACY MATE, designed to prop up prices..or something
     
    S1mon, 21st May, 2020
    #196
  17. Codie

    Codie Well-Known Member

    Joined:
    6th Mar, 2018
    Posts:
    1,623
    Location:
    Brisbane
    Pleasing to see Brisbane holding up.. for now. All though the deals im seeing pop up this week are significantly discounted from 6 months ago..
     
    Codie, 21st May, 2020
    #197
    Hayden94 likes this.
  18. Jezzah

    Jezzah Well-Known Member

    Joined:
    11th Apr, 2019
    Posts:
    215
    Location:
    Melb
    Working with a small sample is ok if you just indicate it properly with a large margin of error (error bars). Plus the hedonic index has tracked similar low levels of transactions previously hasn't it? What year did it start?
     
    Jezzah, 22nd May, 2020
    #198
  19. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Its amazing how the landscape is now changing
     
    MTR, 28th Jul, 2020
    #199
    namrata likes this.
  20. Scaphella

    Scaphella Well-Known Member

    Joined:
    6th Jun, 2016
    Posts:
    535
    Location:
    WA
    Scaphella, 28th Aug, 2020
    #200
Page 10 of 11
Financial Advice – Do you need help

Do you need help with investment strategies, don’t want to buy the wrong stocks, or you just need a regular income stream? We provide the research to ensure your investment selections achieve the goals. This is the value of advice.