Powered by MOMENTUM MEDIA
research
1 minute read

Home values flat but not depressed

Home values flat but not depressed

by webmaster | June 01, 2010 | 1 minute read

Home values remained flat in April, according to RP Data’s latest Hedonic Home Value Index.

by webmaster
June 01, 2010

The Index showed a 0.2 per cent gain in Australia’s capital city housing markets, marking the lowest monthly gain since the end of the GFC induced downturn in December 2008.

However, the news is not all grim. The slowdown follows 16 months of strong gains, with home values still up 11.9 per cent on the previous year.

“A wide range of indicators have been hinting that a slowdown was on the cards,” RP Data’s director of research Tim Lawless said.

“We are in a market now that has lower auction clearances, weaker home loan approvals, and lower consumer confidence. Combined with the six recent interest rate rises, and the fact that home values have recorded very large gains across the market since the start of 2009, it is not surprising to see values start to track sideways.”

Advertisement
Advertisement
Home values flat but not depressed
default
spi logo
share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.