Economic Rigor

Still strong prices...but fairly low volumes. House Type Sample Average Min Max Change Average 2brh   1161      1,152,715.45           1,128,096.24    1,177,334.66 0.15% 3brh   4218      1,264,772.22           1,249,402.19    1,280,142.25 0.22% 4brh   3363      1,505,069.83           1,481,204.67    1,528,934.98 0.23% Unit Type Average Min Max 2 Bedroom Unit 2835          851,421.28              840,104.44        862,738.12 -0...

Stats as below House Type Sample Average Min Max Change Average 2brh   1141      1,150,950.97           1,126,086.46    1,175,815.48 -0.12% 3brh   4143      1,262,030.46           1,246,573.48    1,277,487.44 0.11% 4brh   3296      1,501,669.02           1,477,658.71    1,525,679.33 0.07% Unit Type Average Min Max 2 Bedroom Unit 2791          851,483.28              840,073.53        862,893.03 0.08% 3 Bedroom Unit ...

Stats as per usual. Climbing again. House Type Sample Average Min Max Change Average 2brh   1118      1,152,351.93           1,127,157.23    1,177,546.63 -0.04% 3brh   4077      1,260,615.60           1,245,077.43    1,276,153.77 0.11% 4brh   3242      1,500,595.65           1,476,421.96    1,524,769.34 0.11% Unit Type Average Min Max 2 Bedroom Unit 2741          850,833.17              839,291.53        862,374.82 0.11% ...

Big week for prices House Type Sample Average Min Max Change Average 2brh   1100      1,152,764.49           1,127,267.88    1,178,261.09 0.06% 3brh   4012      1,259,246.99           1,243,809.58    1,274,684.40 0.24% 4brh   3193      1,498,906.36           1,474,594.45    1,523,218.27 0.21% Unit Type Average Min Max 2 Bedroom Unit 2701          849,897.72              838,258.26        861,537.17 0.10% 3 Bedroom Uni...

Houses continue their increase over April House Type Sample Average Min Max Change Average 2brh   1079      1,152,015.70           1,126,262.43    1,177,768.98 0.08% 3brh   3946      1,256,279.88           1,240,697.19    1,271,862.57 0.11% 4brh   3139      1,495,797.71           1,471,283.38    1,520,312.04 0.15% Unit Type Average Min Max 2 Bedroom Unit 2659          849,083.39              837,326.44   ...

Big drop off in Apple Watch Sales according to my estimates in Quarter 2, 2016 Using my formula, which has been mentioned in other posts., Apple watch Sales have declined dramatically to be worth only $878 Million in the Quarter Not a great result in Quarter 2 and represents a 50% drop in Sales since Quarter 1.

Wow...the Market Risk Premium has turned negative. Used my usual methodology...last 2.5 years of daily returns of the ASX200...have a return of -1.7% (Pretty bad) Dividend Return of the ASX200 over that period averaged 4.36%, leading to a total market return of the ASX200 of 2.65%. That is pretty low. When the risk free rate is hanging at an average of 3.22% (the 10 year bond rate), means we have a market risk premium of -0.52%. Not great...but I wonder if this means the market is oversold. Generally the long term average of the Market Risk Premium is 7.4% so if there is revision to the mean, you would expect it to increase back to that level. If that happens, the ASX200 should increase as well (or the bond rate should drop)