RP Data Australian Housing Market Update – June 2012

In their latest property market update video RPData explain that our housing market remains soft despite the recent  rate cuts.

The RP Data-Rismark May Home Value Index results confirmed a further drop of -1.4 per cent for capital city home values indicating that the housing market has not responded to the latest round of interest rate cuts.

The latest drop brings the cumulative decline to -2.2 per cent over the first five months of 2012 and overall values are down -5.3 per cent over the past twelve months. This short video gives a good explanation of what’s going on….

Tim Lawless is research director at RP Data.

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'RP Data Australian Housing Market Update – June 2012' have 3 comments

      Michael Yardney

      June 20, 2012 Michael Yardney

      Thanks for the link Opinder.
      There is little doubt that we won’t be seeing double digit property value growth for some time int he future.
      Does that mean our property market will crash – NO! I’ll explain on Friday.
      Does it mean property is not a good investment? – NO! – It means you have to buy the right type of property at the right price – manufacture capital growth though renovations and this will also give you extra cash flow and depreciation allowances.



        June 20, 2012 opinder

        Thanks Michael..I will look forward to it…:-)


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