The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Saturday, July 14, 2012

REIV data shows Melbourne house prices rose in June

This is the latest June quarter data from the REIV, as reported by the Herald Sun today (ping Louis Christopher, who sought to question RP Data-Rismark's much more timely and precisely measured results on the basis of factually incorrect claims):

MELBOURNE'S tumbling property values have stabilised after median prices earlier this year fell to their lowest level in 2 1/2 years. The Real Estate Institute of Victoria's latest figures show the city's median house price remained virtually flat in the past three months, with only a modest $15,000 rise (2.9 per cent) to $535,000 for the June quarter. But parts of Melbourne bucked the trend with major rises. Malvern East home owners lucked into a hefty 26.7 per cent growth, pushing the median house price past the million-dollar mark to $1,173,500.