My viewing news Channel ABC, regularly quotes resent CoreLogic Australia calculated property price statistics. This day May 26, Morning ABC2 and ABC24 a woman in Queensland outside in open sunshine quotes April regional home price increases.
My issue here is area prices are quoted in percentage points of .0 to .9… exampling 5.5%.
Properties have many locations within statistical recorded towns and cities. Properties have varying qualities of conditions and age. Sold or on sale properties having gathered data from one analysed period to the next analysed period based on I assumed properties sold, which are often seasonal, the many varying characteristics between periods can be calculated in on thousand degrees/0.1%… seems more remarkable than reality could possibly be.
On googling CoreLogic Australia, I’m met with a web page requesting “buy report now” having orange background colour. Selling such statistical reports, ABC quoting data comes from CoreLogic, a website page selling worded data, could be compared to Catholic Church selling words to get misguided people imagining a human image god, getting believers into heaven after having died, in heaven property promotion influencing.
Generally my assumption is that with higher interest rates, property turnover from previous boom periods would reduce real estate turnover, that due to reduced turnover lower expectations of quick sales turnover, property prices would be reduced. Seem reality has real estate agents telling sellers of property to maintain or even increase prices even though buyers of property need to service higher than previous boom period mortgage servicing.
Media’s constant reminders of inflation higher building home costs, higher rental costs and homeless people due to shortages of rental properties mainly based on a single data supplier CoreLogic whom are partly to blame for controlling market forces property prices, investment expectations.
Very few ideas mentioned about a limited supply of building materials Australia has to build that 1.2 million houses in 5 years, nor any mentioned ideas that particularly wood materials are being exported to China and other increasing population countries.
News stories of Chinese high rise buildings being blown up must/should appal people on how much wood form-work were used to build something eventually being destroyed.
Media have educated listeners that whatever politicians state are going to happen, aren’t going to happen on time nor on budget, if at all, allowing future embarrassing news stories of failed government planning exposures promoting transparent media democracy governments are real, the most important idea media controlled by establishment authority wants citizenry to believe.
Biden Trump presidential election seemly “is that all USA 330 million population have for presidential leadership talent” or are political candidates acting so dysfunctional, are acting out incompetence, reflecting badly overly cognitive stressed educated USA citizenry’s reflection of themselves poor emotional stimuli memory remembering previous belief judgements.
When French President Macron states “I don’t think, I know” accusing Scott Morrison of lying about submarine contracts. I recon the entire scene was pre-scripted maybe pre-rehearsed, the journalist asking Macron if he “thinks Morrison was lying”, getting the response “I don’t think, I know”, the camera in a perfect position for a good image capture.
I’m amused by the comment as I’m sure people in the know, are also amused knowing themselves common educated people don’t correctly think, don’t correctly make connecting neuron connection memories into new understandings, instead badly educated people merely quickly quote short headline steams of data, behaviours first learnt while in early schooling, reinforce using more years of schooling and media’s short headline steams of human programming information.
steve9