10% rise in property since april 09
- Thread starter bigbucks
- Start date
Yes: From API - RP Data.
Sydney 5.1%
Melbourne - 5.9%
Brisbane - 3.1%
Darwin - 4.8%
Canberra - 1.7%
and
Adelaide - minus 0.2%
Perth - minus 0.5%
Apart from Perth and Adelaide- good signs and happy days ahead.
I even think by early 2010 we may see interest rate rises.
It's anyone's guess but things are looking good.
Regards Jo
Sydney 5.1%
Melbourne - 5.9%
Brisbane - 3.1%
Darwin - 4.8%
Canberra - 1.7%
and
Adelaide - minus 0.2%
Perth - minus 0.5%
Apart from Perth and Adelaide- good signs and happy days ahead.
I even think by early 2010 we may see interest rate rises.
It's anyone's guess but things are looking good.
Regards Jo
The average in Melb may be 10%, but from my experience where I have been purchasing it is greater than 20% and still rising.
I looked at past sales on a specific Street which I purchased and it works out to 30% in about 3 months.
I have had no problems with bank valuations, they are more than happy to go with the increased values.
Cheers, MTR
I looked at past sales on a specific Street which I purchased and it works out to 30% in about 3 months.
I have had no problems with bank valuations, they are more than happy to go with the increased values.
Cheers, MTR
Yes: From API - RP Data.
Sydney 5.1%
Melbourne - 5.9%
Brisbane - 3.1%
Darwin - 4.8%
Canberra - 1.7%
and
Adelaide - minus 0.2%
Perth - minus 0.5%
Apart from Perth and Adelaide- good signs and happy days ahead.
I even think by early 2010 we may see interest rate rises.
It's anyone's guess but things are looking good.
Regards Jo
seems like some funny data... from REIWA:
10 July 2009
Preliminary data released today by the Real Estate Institute of Western Australia show that Perth’s median sale price for homes grew by $15,000, or around 3.5 per cent, in the June quarter.
.
Those figures are year to to date which was May 2009. Your figures are June quarter alone.
I would be more interested to see the June quarter figures as they are more reflective of the current market.
Regards Jo
still doesn't tally as growth in q1 was 2.4%, so ytd = 5.9%. just illustrates the dangers of relyinh on these stats, as I have seen some quality houses sell at 40% off. I thought all these FHO sales wuld depress the median yet it is rising. wait till that eases off and the trade up market kicks in!
