admin-ajax.php

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.

If you enjoyed this blog – please subscribe to my short daily blog – this is a different subscription to my weekly newsletter. Just click here



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


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

    • Avatar for Property Update

      June 20, 2012 @ 1:04 pm 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.

      Reply

      • Avatar for Property Update

        June 20, 2012 @ 3:01 pm opinder

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

        Reply


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!