Thursday, August 24, 2006

House Prices on the rise in Oz

House prices still nudging up

House prices are still on the rise in Oz, according the Australian Bureau of Statistics, just published today!

Posted by jerry @ 09:11 AM (577 views)
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5 thoughts on “House Prices on the rise in Oz

  • tyrellcorporation says:

    Make your fricken mind up!!!

    …Is it rising or crashing by 42% ?!?

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  • I know, tell me about it……. one day its up, one day its down.. then again, the ABS statistics is lagged, this report is based up until June 2006. The 42% drop is was last weekend.

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  • Bubbles. . . . says:

    Spinning just like they do here..Dennying the crash even when it is happening..!! tHATS TABLOID’S FOR YOU. 🙂

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  • Just like the US there are are wide regional variations in price changes. Sydney is slightly down/flat and Perth has rocketed, probably because it’s a mining town. The 42% figure was for a single house in, what I’m told, was a pretty cr4ppy suburb of Sydney anyway. (Dare I mention location, location, location?)

    Here is a link to the original report – http://abs.gov.au/AUSSTATS/[email protected]/mf/6416.0?OpenDocument

    The journo isn’t wrong, they’re merely cherrypicking the paper-selling facts.

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  • tyrellcorporation says:

    I suppose you could generalise massively and get to an average fall of about 15-20%.

    If this happens within a year I’d call it a sharp correction – or at least the beginnings of a crash…

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