Australian Housing Index?

FXjake · Jul 28, 2011

I am wondering if there is an exchange-traded Aussie housing index?
I am unable to find one if it exists, although a few years ago
I heard some rumblings about the plan for one in Australia.

I presume it was to be similar to the Case-Shiller index in the USA...

Anybody know anything about this?

http://en.wikipedia.org/wiki/Case–Shiller_index#Stock_tickers

m22au · Jul 28, 2011

Australian monthly housing data:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3224741#post3224741

FXjake · Jul 28, 2011

Quote from m22au:

Australian monthly housing data:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3224741#post3224741

That's great. Is it tradeable? Is there a fund or index based on this that is available to trade? It looks like a report to me, not a tradeable index...

macroman · Jul 28, 2011

Quote from FXjake:

That's great. Is it tradeable? Is there a fund or index based on this that is available to trade? It looks like a report to me, not a tradeable index...

presume you want to short au property or hedge against drop. banks would be best bet. But shorts can be outlawed. There are also bank options. shorting aud may get you to poor house. Many tried, few have profited.

also property is down in some areas big right now. This part may start recovering when other parts tanking, so overall index may not be down much if at all.

m22au · Jul 28, 2011

If you short Aussie bank stocks, then (depending on which bank stock you're short) you'll probably pay a 5% dividend (or 2.5% twice yearly), plus dividend imputation.

So you need to make a fair bit on the short position to compensate for dividend payment + dividend imputation.

http://en.wikipedia.org/wiki/Dividend_imputation

FXjake · Oct 20, 2011

Quote from macroman:

Shorting aud may get you to poor house. Many tried, few have profited.

Am I the only one here that finds it ironic that this quote was made at the AUD/USD all time high?

The market fell 1600 pips after this quote.....

Good fuel for the contrarian fire.

Butterball · Oct 20, 2011

Quote from FXjake:

That's great. Is it tradeable? Is there a fund or index based on this that is available to trade? It looks like a report to me, not a tradeable index...

It's not like Case-Shiller is tradeable in any liquid form.

macroman · Oct 22, 2011

Quote from FXjake:

Am I the only one here that finds it ironic that this quote was made at the AUD/USD all time high?

The market fell 1600 pips after this quote.....

Good fuel for the contrarian fire.

Large one, thanks to me :mad:

i did profit from this as well. Was in cash and scaled back in stocks.

KexHouggero · Nov 8, 2011

Hey I am new here at www.elitetrader.com . I just wanted to say hi to all members.

Ghost of Cutten · Nov 11, 2011

Quote from m22au:

If you short Aussie bank stocks, then (depending on which bank stock you're short) you'll probably pay a 5% dividend (or 2.5% twice yearly), plus dividend imputation.

So you need to make a fair bit on the short position to compensate for dividend payment + dividend imputation.

http://en.wikipedia.org/wiki/Dividend_imputation

That's no problem - just wait for the dividends to be cut

Australian Housing Index?

Attachments