State by state: An August update on Australia’s property markets
After a two-year slide, the latest stats show we’re at or near the bottom of this property cycle.
Corelogic reports that in July 2019, dwelling values increased across all capital cities except for Adelaide, Perth and Canberra.
The stabilisation in housing values is becoming more broadly based, with five of the eight capital cities recording a subtle rise in values over the month, while the regional areas of South Australia, Tasmania and Northern Territory also recorded a lift in housing values in July.
Over the month, combined capital city values increased by 0.1% while the combined regional markets recorded a -0.2% fall.
There has also been a notable change in buyer sentiment, with buyers out in the market applying for loans, looking at properties and making offers.
Read more: https://www.smartcompany.com.au/industries/property/august-australia-property-markets/
Corelogic reports that in July 2019, dwelling values increased across all capital cities except for Adelaide, Perth and Canberra.
The stabilisation in housing values is becoming more broadly based, with five of the eight capital cities recording a subtle rise in values over the month, while the regional areas of South Australia, Tasmania and Northern Territory also recorded a lift in housing values in July.
Over the month, combined capital city values increased by 0.1% while the combined regional markets recorded a -0.2% fall.
There has also been a notable change in buyer sentiment, with buyers out in the market applying for loans, looking at properties and making offers.
Read more: https://www.smartcompany.com.au/industries/property/august-australia-property-markets/
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