How to Define a Trend When You're Prepared to Commit to It

The house price index was down 0.6% on the month for overall house prices, so still a fall but smaller decline than what we've had in the previous couple of months. Still patchy around different parts of the country as always, some markets are down a bit more. Auckland was a smaller fall in April and yeah, Wellington ticked up now just one month. So not a trend yet - how do you define a trend when you're prepared to commit to that? I think I reckon you maybe want to see three risers in a row, something like that. And if we did get that for another month, then yeah, I'd be pretty comfortable calling that.