in my experience , quite frequently the crossing of a significant parcel eventuates in a trend reversal
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More importantly, what the hell is going on in Gisborne? up 54%? Whole region going long on the legalisation of Marijuana?
Lol yup.
Possibly catch up by investors looking at other locations? I haven't bothered investigating that data.
I wonder if sum can keep increasing underlying earnings throughout these next few years?
It is quite a small market, so more susceptible to outliers. REINZ median price for Gisborne shows a big spike in May $358k (April) to $440k. Looks like an anomaly. Trademe property analysis (asking prices, big volume) to 30 April shows Gisborne up 20.4% yoy, so yes some big rises.
Median average should just about get rid of the outliers. Mean average includes outliers.
In case you didn’t see it on the Oceania thread
https://www.stuff.co.nz/business/pro...ext-four-years
No worries
Not sure about any conflict there..depends how you read it... "An ASB survey shows New Zealanders have low expectations of property prices [remaining stagnant]".
But I would think 20% over 4 years ... or more to the point 18.3% which is stated in the article is definitely not 'soaring' as the headline states, but rather a bit under the historical norm.
5.8% per annum compounding equals 18.3% over 4 years.'
NZ's historical average annual increase in housing looks to be higher than 5.8% per annum....
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[QUOTE=Vaygor1;763074]Not sure about any conflict there..depends how you read it... "An ASB survey shows New Zealanders have low expectations of property prices [remaining stagnant]".
But I would think 20% over 4 years ... or more to the point 18.3% which is stated in the article is definitely not 'soaring' as the headline states, but rather a bit under the historical norm.
5.8% per annum compounding equals 18.3% over 4 years.'
Try doing the maths again