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ABS confirms house prices are moving forward

February 5, 2013 by 1 Comment
Australia

The latest Australian Bureau of Statistics eight city house price index has just been released and confirms what other research houses RPData, APM and Residex told us last week – our property markets are on the move.

The ABS Index of Established House Prices shows that prices rose by 1.6 per cent in the December 2012 quarter, which is the strongest quarterly growth in the index in almost three years.

The index indicates home prices increased by 2.1 per cent over the full 2012 calendar year. [Read more...]

Filed Under: Michael Yardney's Commentary, Property Investment Tagged With: ,

7 reasons property prices are higher than 30 years ago

October 10, 2012 by Leave a Comment
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It’s an inherently uncertain road ahead for property in Australia, and while ultra-low interest rates could see a spurt in prices over the next year or two, we don’t know what will happen in the period thereafter.

That’s why I suggest that investors utilise the unusually urbanised nature of Australia to their advantage, and seek out the suburbs with massive population growth and constrained supply. [Read more...]

Filed Under: Michael Yardney's Commentary, Property Investment, Property investment buying Tagged With: , , , , , , , ,

ABS numbers are the final nail in property doomsayers’ coffin

August 5, 2012 by Leave a Comment
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In an article last week in the Australian Financial Review economist Chris Joye took the opportunity to gloat a little.

He’s been calling the turning point of our property markets for a little while and now there seems to be consensus between the 2 big research organizations (RPData and Australian Property Monitors) and the Australian Bureau of Statistics. [Read more...]

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Latest house prices figures from Australian Property Monitors

July 26, 2012 by Leave a Comment
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Australian Property Monitors (APM) released their latest figures today showing house prices up 0.4% to a median of $536,075 and unit prices down 0.8% to a median of $411,810.

Over the 12 month period to June, house prices are down only 1.6% while unit prices are unchanged. [Read more...]

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Australian house prices disprove the doomsayers

July 5, 2012 by 2 Comments
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Guess what? Contrary to the silly claims of some, Australian house prices are not falling through the floor.

In fact, Aussie dwelling prices surged back by a surprisingly strong 1% in the month of June assisted by a tail-wind in the form of the RBA’s generous rate cuts over the preceding 60 days. And these gains (not losses) were experienced by around 90% of the nation’s capital city owners. [Read more...]

Filed Under: Featured Commentary, Michael Yardney's Commentary, Property Investment, Property investment buying, Where to buy investment property Tagged With: , , ,

Are falling house prices as bad as all that?

March 13, 2012 by 3 Comments
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When property prices start to fall, you can guarantee that the pessimism peddlers will come out of the woodwork and start preaching that the end of the world is nigh.

The Australian media is great at sensationalizing the woes of our housing markets, with headlines declaring an imminent crash is on the cards or the “bubble” is about to burst.

This spirals into a cacophony of consumer panic and criticism directed squarely at the federal government, with the building industry and other self interest groups expecting the government to “do something” so we can all continue profiting from our properties and buyers can regain confidence to re-enter the market. [Read more...]

Filed Under: Michael Yardney's Commentary, Property Investment, Property investment buying Tagged With: , ,

The final word on Australian house prices

February 2, 2012 by 6 Comments

There is an enormous amount of time wasted debating whether Australian house prices are over- or under-valued.

The vast bulk of everything that is written on this subject is, unfortunately, both factually flawed and misleading.

So what are we meant to believe about the future of our property markets?

[Read more...]

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