RPData - House prices falling (nation wide) - June 2010
It's been a long time coming, but finally seeing a nation wide fall starting again.
It will be interesting to see whether any actions are taken again by government to try and "prop up" prices (again). Hopefully they learned from the boost that by meddling they only make things worse.
It's likely going to be a long cold winter for housing investors. Welcome back to 1990!
Will be interesting to see ABS figures early next month given they often have sharper moves than RPData's index.
I welcome the return of affordable property, a long way to go from here though.
RP Data – Rismark Home Value Index Release
It's been a long time coming, but finally seeing a nation wide fall starting again.
It will be interesting to see whether any actions are taken again by government to try and "prop up" prices (again). Hopefully they learned from the boost that by meddling they only make things worse.
It's likely going to be a long cold winter for housing investors. Welcome back to 1990!
Will be interesting to see ABS figures early next month given they often have sharper moves than RPData's index.
I welcome the return of affordable property, a long way to go from here though.
RP Data – Rismark Home Value Index Release
- Capital city dwelling values down 0.7% in month of June with no growth over June quarter
- Largest fall since April ’08
- Rest of State dwellings also realise no growth in June quarter
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