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…
Source: Australian Property Monitors
And you can see the results graphically here:
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
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.
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.
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.