Source: http://www.macrobusiness.com.au/2012/01/apm-misreports-own-data/
Comments and Forecasts
Commenting on the APM House Price Report: Dr Andrew Wilson, Senior Economist -Australian Property Monitors (AMP)
Australian house prices have risen nationally for the first time since September 2010, indicating tentative signs of a recovery in the housing market generally expected to gather momentum through 2012 in most capital cities
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How this rooster extrapolates the above from this report is beyond me. Life’s hard enough as an investor (in any market) but plonkers like this idiot just make it harder for the less educated, and experienced to interpret a realistic picture of market trend(s).
The Freckle
Sells papers………..
hold on to your hats investors and keep that LVR low.
To balance your portfolio – this strategy may help … Positive Cashflow Injection
Ian
http://www.theblockblog.com
Free Property Investment Info, Tools & Resources for Investors with a Sense of HumourI've generally noted that Dr Wilson has the tendency to put a very positive spin on his articles. Reading these, and the other awfully bearish articles, we've found our middle ground. Frankly, I don't see how we can reliably extrapolate 'market trend' based on the reading of any of these articles. The only thing these articles indicate is the market sentiment.
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