admin-ajax.php

Capital city property prices continue to rise in August:RPData

In their latest blog RPData have some good news for anyone interested in property investment

They report that over the first seventeen days of August we have seen dwelling values across the combined capital cities rise by 0.3%.  The growth trend over the month has been modest (as can be seen from the graph below), however, unless we see deterioration in the daily readings over the next fourteen days we are likely to see another positive month of value change in August.

 

Similar to the June RP Data-Rismark Home Value Index results, it looks like the August value improvements are relatively broad based.  Across the major capital cities the only city to record a fall in values over the month to date has been Perth where values are down -0.9%.

If the trend continues we are likely to see a third month running where dwelling values have improved across the combined capital city markets, a pretty good indication that market conditions have moved through the bottom of the cycle.

Although home values have continued to increase over the month it is important  to note that the rate of growth has slowed.  Values rose by 1.0% in June, 0.6% in July and the August result looks set to be inline or slightly lower than the growth in values in July.  With no interest rate cuts over recent months it will be interesting to see whether the slowing continues or momentum builds as we enter the Spring Selling Season.

Source: RPData



icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Capital city property prices continue to rise in August:RPData' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!