admin-ajax.php

Latest stats show another strong week in property

Let’s look at some of last week’s property market stats…

We’ve experienced another strong week in our real estate markets around Australia, even though we may be in for a little breather consider asking prices are falling according to SQM.

Firstly… this weekend’s auction clearance results remain high, much higher than last year…

auction results

Source: Australian Property Monitors

And you can see the results graphically here:

compartive auction results

 RP Data’s Home Price Index

RPData’s home price index confirms the strength of the market, showing with daily, quarterly and year on year prices higher in all reported capital cities

HousePriceINdex12.01.2013

Vendor Asking Prices

But according to SQM Research vendors asking prices are slipping a little in all our cities.

This may mean that the frenetic rise in property prices may slow for a while and catch their breath.

Of course this is not a bad thing. The current rate of price growth – up to $1,000 a week in some cities, is unsustainable.

SQMAskingPrices08.10.13

[post_ender]



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


'Latest stats show another strong week in property' 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Your email address will not be published.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!