Economic Rigor

Stats as per usual House Type Total Sample Average Min Max Confidence Change Average 2 Bedroom House 417      1,144,773.21           1,104,732.97    1,184,813.45 40040.24411 -0.94% 3 Bedroom House 1605      1,229,523.66           1,205,237.08    1,253,810.23 24286.57627 -0.09% 4 Bedroom House 1225      1,437,893.35           1,402,356.78    1,473,429.92 35536.57182 0.61% Unit Type Average Min Max Confidence 2 Bedroom Unit 1114          824,804.17              805,53...

Stats for this week House Type Total Sample Average Min Max Confidence Change Average 2 Bedroom House 376    1,155,660.24           1,112,996.57    1,198,323.91 42663.67184 -0.60% 1,162,640.26 3 Bedroom House 1489    1,230,604.08           1,205,322.54    1,255,885.61 25281.53473 -0.06% 1,231,295.84 4 Bedroom House 1128    1,429,192.86           1,392,417.64    1,465,968.09 36775.22107 0.19% 1,426,523.12 Unit Type Average Min Max Confidence 2 Bedroom Unit 1033        825,462.58    ...

Stats as per normal House Type Total Sample Average Min Max Confidence Change Average 2 Bedroom House 346    1,162,640.26           1,117,331.37    1,207,949.15 45308.89073 0.37% 3 Bedroom House 1401    1,231,295.84           1,204,949.02    1,257,642.66 26346.82143 -0.01% 4 Bedroom House 1051    1,426,523.12           1,388,093.87    1,464,952.37 38429.24977 -0.14%

Some further stats around the entitlements in the commonwealth. I calculated expenses by Party and compared each Parties representation in the members claiming vs the % of the total entitlement claimed. In theory, if it were fair, each parties % of entitlement would be equal to its % of representation. Not the case however. Here are the summary stats. Labor is surprisingly good. Liberal, Nats (including CLP), Greens and Bob Katter less so. Party Entitlement by Party % of Total Entitlement     Number of Party Members claiming % of Total Members  Claiming Amount Parties are overcharging based on representation Labor $16,740,241.80 36.6244% 121 39.29% -2.6614% Liberal $20,510,946.47 44.8739% 133 43.18% 1.6921% National $4,218,421.62 9.2291% 24 7.79% 1.4369% Greens $2,143,832.66 4.6903% 13 4.22% 0.4695% PUP $153,528.00 ...

Been looking over the Federal Govenment's Entitlements that were provided by The Guardian Australia Website. I collated all the expenses to get an idea of which members claim the most. The top 10 list is below (not the collated stats included flights, charters, Electoral Business expense, travel expenses from 2011 - 2014 And we have the top 10. SNOWDON Warren 529652.27  NT Labor SCULLION Nigel 495887.16  NT CLP TRUSS Warren 484990.23  QLD National BISHOP Julie 464470.99  WA Liberal GRAY Gary 435525.4  WA Labor CORMANN Mathias 421243.8  WA Liberal MACDONALD Ian 406051.84 QLD Liberal JOYCE Barnaby 382486.5 NSW National SIEWERT Rachel 381147.5  WA Greens DUTTON Peter 375724.51  QLD Liberal  

Lots of numbers floating about the Australian media about Netflix Subscribers in Australia and how there are over 1.4 million Netflix Subscribers over the last three months. I think this is absolute rubbish. When you think there are only around 8,000,000 households in Australia, that would mean a market penetration of 17.5%...which is a lot for a luxury item, especially when Foxtel only has around 30% of the market (being around for a while and has the advantage of sport) So I decided to do my own analysis. Firstly I downloaded the quarterly International Streaming total members numbers published in the financial reports of Netflix since 2011. (Since Australian/NZ data would appear in that segment I then calculated the increases in each period, found the 4 quarter moving average and seasonally adjusted the data to get the Seasonally Adjusted Data Set. Produces the data set below. Raw Increase Average Residual Average Residual Seasonal SA Se...

Still a bit of heat in the 2/3 bedroom house ranges. Type Total Sample Average Min Max Confidence Change 2 Bedroom House 322    1,158,353.45           1,112,350.11    1,204,356.79 46003.34111 0.45% 3 Bedroom House 1289    1,231,477.27           1,204,218.43    1,258,736.11 27258.84215 0.43% 4 Bedroom House 966    1,428,586.75           1,388,030.07    1,469,143.43 40556.68236 -0.06%