Residex Report May 2009 - Housing markets move solidly into positive territory
Latest Residex Report. Most areas performing very strongly, especially Sydney houses.
This is just another indication that the housing market has turned around. The RPData and APM statistics are also showing positive growth. Clearance rates remain strong, housing finance commitments continue to rise (especially investor finance) and consumer sentiment is building.
Link to full report with charts and tables...
http://www.residex.com.au/newsletter/source2009_06aMC.html
Latest Residex Report. Most areas performing very strongly, especially Sydney houses.
This is just another indication that the housing market has turned around. The RPData and APM statistics are also showing positive growth. Clearance rates remain strong, housing finance commitments continue to rise (especially investor finance) and consumer sentiment is building.
Link to full report with charts and tables...
http://www.residex.com.au/newsletter/source2009_06aMC.html
At last we can report that our housing markets have moved more solidly into positive territory.
Winter is usually one of the slower periods but improved affordability coupled with the First Home Owners Grant has seen auction clearance rates reach around the mid 60% across Australia and there is good asset growth in all but the top end of the market.
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So overall, in my view, the market will complete its turnaround like the whale.
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