If you’re interested in property investment then you’ll be interested this short video which explains what’s happening in the real estate markets around Australia.
RPData’s Tim Lawless explains that last month we saw dwelling values fall by 1.2% according to the RP Data-Rismark Index, the second consecutive drop in capital city home values, after the index showed a 0.5% fall over the month of April.
However values have recovered 2.9% since the recent low which was at about the same time last year.
The 1.7% drop coincides with two months of falling consumer confidence. Although, a variety of other housing market indicators are suggest the market is experiencing much more robust conditions.
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.