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Residex June update

Discussion in 'Property Market Economics' started by gman65, 2nd Aug, 2015.

  1. gman65

    gman65 Well-Known Member

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    http://blog.residex.com.au/2015/07/29/4168/

    Sydney still going strong, but Perth and Darwin starting to show falls due to resource industry slow-down.

    Interesting, very little change in Brisbane seen at the moment, maybe still lagging behind in terms of numbers? or buyers/investors active at the lower end of the market keeping the median low?
     
  2. Bullion Baron

    Bullion Baron Well-Known Member

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    Charts incoming (all using the Residex data) :D

    [​IMG]
     
    Gingin likes this.
  3. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Some pockets have really take off especially in the last 1-3 months, others are selling quicker but not for more.

    Give it 3-6 months and the "Brisbane" data will show a good uplift in prices growth, I reckon.

    Don't expect Sydney-style numbers though.

    @Bullion Baron, interesting overlay, that.
     
    pugstar205 likes this.
  4. Bullion Baron

    Bullion Baron Well-Known Member

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    A few more (not sure why, but showing up as crosses when inserted, click to view).

    Falling house prices in Adelaide, rising house prices in Sydney, ratio parabolic. Stones throw from a new high.

    https://pbs.twimg.com/media/CLXv1vjUYAI0vKg.png

    Adelaide & Brisbane average annual growth rates trend closely. Looking like both headed lower over the short-medium.

    https://pbs.twimg.com/media/CLXycLAVEAAYZNG.png

    Perth, Canberra & Hobart AAGR. Perth close to crossing the Rubicon (YoY price is negative, but not once averaged).

    https://pbs.twimg.com/media/CLX1uiFUEAANJis.png
     
    RetireRich101 likes this.
  5. acorn123

    acorn123 Well-Known Member

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    Residex data is to June 2015: Brisbane got negative numbers.

     

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    Last edited: 2nd Aug, 2015
  6. acorn123

    acorn123 Well-Known Member

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    I will jump up and buy if Sydney gets negative numbers ......
     
  7. gman65

    gman65 Well-Known Member

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    -0.86% is pretty much statistically irrelevant, especially on a month-by-month. Works out to be about $4k on the median.
     
  8. acorn123

    acorn123 Well-Known Member

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    You are right. Need watch for next report (or field evidence) to verify the trend.
    Some have jumped into Brisbane ......
    Interesting to see who will be denting the curve: the buyers or ARPA.
     
  9. Bullion Baron

    Bullion Baron Well-Known Member

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    Agree, better to watch the average annual growth rate trend, which is turning down (but may not get to negative).
     
  10. Big Will

    Big Will Well-Known Member

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    So after NG was introduced it had little effect on the market so maybe people can look elsewhere like lower interest rates.....
     
  11. HUGH72

    HUGH72 Well-Known Member

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    The Adelaide and Brisbane annual growth rates are interesting, they are incredibly similar with a few excursions from the trend over the last 20 years.