What happens to housing values and sales volumes following an election?

NB: I keep receiving these SPAM messages from RP Data research. I have a feeling this is as a result of putting my email onto property search websites while looking for a new home. They’re full-blown HTML so I’ll just put the text in and address the points.

Welcome to property pulse – Introduction by Tim Lawless

Tim Lawless? Boom, Boom! Nice name for someone who’s on a spam message.

Tim's Da Man
Tim’s Da Man

A snapshot of housing market activity across Australia’s combined capital cities over past 12 months to July 2013 shows that home values increased by 4.9 per cent. While sales activity across the national housing market is continuing to escalate and home values are increasing, they remain -1.3 per cent lower than their historic peak of October 2011 across the combined capitals. RP Data estimates that over the three months to May 2013, there were 90,274 houses and 33,394 units sold across the country.

 

That’s nice to know. My bank account doesn’t really stretch to much more than 2 minute noodles for dinner at present, but I’m happy to accept contributions from your bank account to take advantage of the great information you’re giving me.

What happens to housing values & sales volumes following an election?

I expect the sky falls-in and the four horsemen of the apocalypse come riding down to smite the unbelievers. Or is that Arcangel Gabriel? It certainly felt like that from where I was sitting. Tony Abbott as PM? Really? The Budgie Smuggler? Course, KRudd wasn’t much better, especially after spending the last 3 years thinking more about himself than the party he belongs to.

Looking specifically at the change in home values over the 12 months following a federal election you can see that in 1998, 2001 and 2004 home values rose however, following the most recent two elections home values have fallen. Over the 12 months to July 2013, capital city… Read full story

Oh good grief, you’re not exactly taking the long-view are you? I bought a home in 1993 for $98,000 which back then was a lot of money. Houses have since tripled or quadrupled in price to the point where I’d have to sell all my internal organs just to buy the front door. Of course, then I wouldn’t get the chance to take advantage of the doors because I’d be dead. Elections don’t make a difference. It’s the old Kynesian economical principle of supply versus demand. If you have a lot of supply and not enough demand you need to reduce prices to sell to people because they’ll be looking elsewhere (which is why online purchases of products are often chosen over bricks and mortar stores). If there’s more demand than supply, prices rise according to what the purchasers can mortgage their souls for. But don’t get caught in a sub-prime mortgage crisis, which is what happened in the U.S. when people were lent money for homes that they couldn’t afford to pay back.

Home value growth lags rental growth

Rental growth has outstripped growth in home values ever since the on-set of the financial crisis however, with mortgage rates now at near record lows upgraders and investors are the main beneficiaries not first time buyers. Since the onset of the financial crisis in 2008, the Australian…

Speaking as a renter of 15 years, I’d say that there has been an issue with renting in Australia for more than a decade. See above for Kynesian reasoning for this state of affairs: we’re reproducing too fast and there’s not enough homes for people to go into. The financial crisis just made rental issues more obvious.

Bored now, let’s go to the website

I actually clicked through to one of your website pages, and you know what, the figures look a lot like those released by the Australian Bureau of Statistics. All you’ve done is put some funky words around them. You’re not giving anything I can’t get elsewhere. Not only that, you’re spamming me with this rubbish.

Don’t believe me?

You’re sending messages to both my personal email accounts, one for gmail and one on a personal domain.

I’ve tried both these the RPData forgot password page in an attempt to get a password sent to me so I can cancel your emails.

Both give me the following error message:

Enter a valid username.

This suggests to me, a correlation if you wish, that I don’t have an account with RPData. There’s nowhere on the site I can see that I’ve signed-up for a newsletter.

Therefore you’re SPAMing me.

Okay, let’s try the email message

So I’m in an investigative mood now, Tim, hope you don’t mind.

There’s four links at the bottom of your email, let’s go through them one-by-one:

Update Profile gives me the following message on a blank HTML page:

The system is temporarily unavailable. We apologize for any inconvenience. Please try again later.

The same for the Manage Subscriptions link and, irony of ironies, the Unsubscribe link too.

The Privacy Policy does work, and it makes for great reading now I know your system is fundamentally knackered, especially the sentence:

We are committed to complying with Australian Privacy laws and the Spam Act.

Really? You can’t even give me an unsubscribe link that works. How is this complying with the mandatory unsubscribe facility in the Spam act of 2003?

In conclusion

Timbo (can I call you that?), you’re a Spammer, pure and simple. And in Oz, that’s bad news.

 

Author: gotheek

Sometime writer, full time human.