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sloanrunner

886 Posts.

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21/07/15

23:09

Post #: 15671232
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Originally posted by Venus Throw ↑

Ah not the REIWA??? Lol. It doesn't help them to say house prices are crashing (or bubbling for that matter).

You quoted this pack of damn lie/statistics couple of days ago and I found my own table of damn lies/statistics to contradict you. Ah the internet...if its on there its gotta be true right?

This is what you said about the growth of Melbourne property (was if from the Property Observer?):

According to publicly available sales data

Brighton (vic) median house prices have increased at 1% per annum over the past 7 years (2007-2014)
Other suburbs chosen randomly include
Albert park (gone "nuts") 6% / annum
St Kilda 2%/annum
Essendon 4%/annum
Altona (also nuts @) 6%/annum

These are median prices based on 100's of sales
It's a pity how facts spoil a great bubble story
DYOR

And this is my graph from Domain - another bunch of property puppets.

View attachment 80824

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Hey Venus
Data was from the Victorian Department of Transport Planning and Local Infrastructure
"The data is compiled using information lodged every time a property sale is completed. It provides property statistics for Victoria's 79 municipalities and lists yearly medians by suburb over a ten-year period."
http://www.dtpli.vic.gov.au/property-and-land-titles/property-information/property-prices
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