According to the RP Data-Rismark Home Value Index, combined capital city home values fell by -0.2% over the second quarter of 2014. With the Australian Bureau of Statistics (ABS) releasing their Consumer Price Index (CPI) data this week, we can see that in ‘real’ terms home values across the combined capitals fell by -0.7% over [...]
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Lower income earner’s hopes of owning a home have faded over the past two years due to the high rate of capital gain, so what can be done? In last week’s RP Data Research Blog I highlighted sales by price point across the capital cities. The data showed a shortening supply of homes selling at [...]
There’s no doubt about it, housing is becoming more expensive as home values rise. The escalation in the cost of housing is forcing households to spend more to purchase a home; subsequently the deposit is also higher forcing many first home buyers to wait until later in life to purchase a home or consider a [...]
There are many measures of affordability in the marketplace, sadly I believe that many of these measures fail to accurately depict the affordability or otherwise of housing in Australia. The main reason being that housing affordability is an extremely complex issue and many factors drive the affordability of housing. In this blog post I am [...]
The RP-Data Rismark Home Value Index reported its first month on month fall in May after capital city dwelling values consistently rose over the previous eleven months. The extent to which the May decline was a seasonal factor has been a key topic across the media; generally the month of May is a seasonally weak [...]
Over the three months to April 1990, the median selling price of a dwelling (a combination of houses and units) across Sydney was recorded at $152,500. As at April 2014, the median selling price of a dwelling was $680,000 which represents a 347% increase in selling price over the 24 year period. Of course a [...]
The Australian Bureau of Statistics has recently released demographic data at a capital city level to June 2013. We have previously covered the population data on this blog however, when the data is paired with dwelling approvals data over the same period there are some very interesting findings. Over the 12 months to June 2013, [...]
Last year (according to the RP Data-Rismark Home Value Index), capital city home values rose by 9.8%, creating further affordability pressures for those segments of the market who are most price sensitive; the younger aged cohorts and first time buyers. Our daily index data shows that home values have continued their strong pace of growth [...]
Inflation is surprisingly strong and home values (adjusted for inflation) are still below their previous peak
The Australian Bureau of Statistics (ABS) released the Consumer Price Index results for the December 2013 quarter earlier today. The December results provide a timely summary of consumer price rises up to the end of last year. Headline inflation was recorded at 0.8% over the final quarter of the year and was 2.7% over the [...]
Data released by the Australian Bureau of Statistics (ABS) earlier this week showed that the national population increased by 407,027 persons over the 12 months to June 2013 to reach an estimated 23,130,931 persons. The increase in new residents equates to a growth rate of 1.79% over the year making it the greatest annual increase [...]
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- Inflation adjusted home values are still lower than their previous peak across most cities July 24, 2014
- RP Data Auction Market preview, Melbourne; Week ending 27 July, 2014 July 24, 2014
- Melbourne transaction numbers slowly rising July 22, 2014
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- Here's a link to my latest housing market update from #rpdata focusing on housing market conditions in June http://t.co/iJDoU323d7 2 weeks ago
- RP Data's June figures out today - capital city dwelling values up 10.1% over financial year http://t.co/PeUfDwXob8 3 weeks ago
- RT @rpdata: WATCH UPDATE: @timlawless presents the latest national housing market update covering the month of May 2014 >> http://t.co/NKzh… 2 months ago retweeted via rpdata
RP Data on Twitter
- Read the RP Data Auction Market preview for Melbourne, week ending 27 July, 2014. Clearance stats included > http://t.co/htSDWLsQmp #MelbRE 11 hours ago
- "Melbourne transaction numbers slowly rising". Read the latest Melbourne blog by @rpdata_vic http://t.co/BUMfwO3nxs #MelbRE #transactions 14 hours ago
- "National auction market continues to strengthen" - The latest auction results across capital cities from the wkend.. http://t.co/c8bzBR3Wt9 3 days ago