Feb 7, 2013

There’s statistical agreement: property prices are up

The ABS and APM have similar figures for Australia's capital city housing markets (though neither tracks regional areas). And it's good news, writes Terry Ryder at Property Observer.

Two major research sources agreeing on price movements is surprisingly rare in Australian real estate. But it happened this week, with the Australian Bureau of Statistics and Australian Property Monitors saying similar things about capital city property prices.

It’s noteworthy because this kind of alignment in the figures from different sources is rare. Each quarter I compare figures from four regular sources of national price data, and usually the points of difference are more numerous than the areas of agreement.

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One thought on “There’s statistical agreement: property prices are up

  1. Hamis Hill

    Watch the government approval rates rise with the return of the Howard era capital gains long gone and sadly missed by many miffed voters, now mightily mollified and feeling munificent to a falsely maligned federal administration.
    Long live Julia, the new John Howard, delivering wealth to every Australian through rising property values!!!

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