Wednesday, June 1, 2011

RP Data State of the Market

This is information from RP Data.

Prices & Volumes

  • · Prices down 1.5% over the past 12 months across capital cities
  • · Sydney and Canberra have bucked the trend and actually grew
  • · Early signs of sales volumes increasing after a very weak Dec/Jan period
  • · Sydney sales volumes now above a 5 year average
  • · Melbourne sales volumes starting to fall as capital growth slows
  • · Sales volumes in Brisbane at 10 year lows
  • · Premium sector the weakest performer
  • · Rents and yields continue to improve
  • · House and units taking longer to sell, and vendor discounting increasing


  • · The number of properties advertised for sale is at an historic high
  • · Dwelling approvals were reasonably buoyant during 2010 but are now falling sharply
  • · When refinances are excluded finance commitments are extremely subdued
  • · Investors are taking little part in the current market
  • · First home buyers and non-first home buyers relatively inactive at the moment
  • · Although population growth is slowing, the supply of new dwellings has been insufficient

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