The reasons why ABS, APM and RP Data price growth indexes always vary
Ever wondered why you always see varying capital growth statistics published in the media from people like the Australian Bureau of Statistics (ABS), Australian Property Monitors (APM) and RP Data?
Interesting post here from Christopher Joye explaining the difference between the methodologies these groups use.
Worth keeping in mind if you are trying to work out exactly what is going on in the market.
Also interesting to note that it seems the RBA is increasingly using RP Data-Rismark's statistics to make their decisions on exactly what is happening with the residential property market.
Note that Christopher is also the MD of Rismark International which has a stake in RP Data.