VIDEO – City by City Australian Housing Market Update – July 2013 – Tim Lawless

Let’s have a look at how Australia’s property markets are performing…

Last month we saw a bounce in dwelling values with the RP Data Rismark Index posting a solid 1.9% gain over the month of June following a 1.7% drop over the combined months of April and May.

The latest June data takes the quarterly growth rate to just 0.2% after the March quarter posted a seasonally strong 2.8% increase.

Dwelling values are now 3.8% higher over the 2012/13 financial year. As a comparison, capital city home values fell by -3.6% over the 2011/12 financial year.

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Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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