[Crest]

Finally some actual journalism happening in the Real Estate section.

Well done again Chris.

Quote

Counting eggs before they hatch
January 11, 2012 - 11:23AM
Read laterComments 16

It’s amazing how little it takes to get some people in propertyland very excited.

Not long after RP Data-Rismark released its November property price data the industry was buzzing with “news” that the much-anticipated recovery for the residential real estate sector had finally started.

...

 So what remarkable movement in prices caused all this gushing?

A 0.1 per cent rise in dwelling values in a single month. That’s it.

More here: http://smh.domain.co...0110-1pt5n.html

[zaph]

Crest, on 11 January 2012 - 03:38 AM, said:

Finally some actual journalism happening in the Real Estate section.

Well done again Chris.



More here: http://smh.domain.co...0110-1pt5n.html

the monthly figures are also very often revised down.

[booboo]

And I see someone even cut and pasted my post on MB about the revisions.

Chris also forgot to mention that the 0.1% was SA, in raw terms the result for the month was negative - in fact, looking at the raw numbers there's a clear trend, and it looks like the market is ignoring seasonality (unsurprisingly as the market is not following usual trends).

[mattau]

+1 for the article too
the comment about the hyperbole for the 0.1% increase is interesting

lets see over the next few months whether this "growth" is actually sustained and substantial

[booboo]

Er, did Domain delete all the comments on that article?

[tor]

booboo, on 11 January 2012 - 11:28 PM, said:

Er, did Domain delete all the comments on that article?

Still there if you reach the article through the front page: http://smh.domain.co...n.html#comments

[recession we had to have]

Chris is still on the case- he's askingf or assistance in getting access to info under FOI- gives a list of who to contact in the article-

Secret government business, part II
February 2, 2012


"FIRB has once again knocked back my freedom of information request seeking some basic facts and figures about the monitoring and compliance system set up to track foreign investment in the residential real estate sector."
...
"But this is where you, as the ‘‘public’’, can cut through all this bluster about what exactly is in the ‘‘public interest’’.

If you want to see these documents, ask to get them released.

Contact Treasury; contact the Foreign Investment Review Board; contact your member of Parliament – contact them all. Tweet it, retweet it, post it, email it, fax it, snail mail it.

Tell them that releasing these documents in your interest. Quote the politicians’ own words. Quote the OAIC guidelines.

Just please keep it polite.



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