One question, where does RP Data pull their sales figures from?
Is it from the contract of sales, or is it from the settlement ie actual title transfer?
I know that REIV get theirs from the agents which would be contract of sales
cheers
So for a given period they include both contract of sale and settlements within that period is that correct?They get reported sales at contract exchange from about 75% of R/E agents nationally I think (more timely), plus they then get the settlement data from the various state land titles offices (obviously this takes longer, but covers 100% of all sales). So if anything changes between exchange and settlement it does get factored in.
hello,
good evening fellow members and guests, great day
thought i should revisit this thread to see if any other additions to the list, which so far includes real estate agents and real estate and real estate agents
no economists?
thankyou
robots
it would appear to be the boom come post a hot rental market .. approx 12-18 months ago the rental market was crazy (talking sydney) on the news with pictures of the lines out the door.. it cooled off sales started peaking.. Nov , Dec there was absolutely minimum stock levels for homes below $1m.. Jan - April HOT market ... CBD market between 650 & 900k still seems pretty reasonable ...
Signs of overheating property market potential end of the boom -
Next interest rate rise
First episode of the block appearing on television
Return of moving house show with what is his name Keaton from the castle..
IMO
Hi,
I cannot believe there is not one person who predicted this latest boom in RE.
Incredible. Even the expects cannot even see the writing on the wall until it is written.
Cheers
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