Residex June update

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?

 

Charts incoming (all using the Residex data)

 

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.

Guest, interesting overlay, that.

 

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

 

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

 

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

 

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

 

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.

 

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

 

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

 

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.