If you’re interested in property investment then you’ll be interested this short video which explains what’s happening in the real estate markets around Australia.
RPData’s Tim Lawless explains that last month we saw dwelling values fall by 1.2% according to the RP Data-Rismark Index, the second consecutive drop in capital city home values, after the index showed a 0.5% fall over the month of April.
However values have recovered 2.9% since the recent low which was at about the same time last year.
The 1.7% drop coincides with two months of falling consumer confidence. Although, a variety of other housing market indicators are suggest the market is experiencing much more robust conditions.