Disruptions caused by natural disasters and low sales volumes have resulted in soft market conditions across the Australian capital cities. Capital city values were down -1.6 per cent (s.a.) while the rest-of-state markets saw a -1.2% (s.a.) tapering in values.
January is typically the quietest month in the calendar year for the housing market. Most Australians are on summer holidays and both listings and sales activity tend to dry up.
The spate of natural disasters in Queensland, New South Wales and Victoria conspired to undermine consumer confidence and as a result housing activity slowed throughout the country.
The sedate conditions in January were in evidence across the board, with all cities registering declines.
The median dwelling price in the capital cities is also down to $465,000 over the three months to end January, while the median in the rest of state markets is cheaper at $325,000. The national, all regions median dwelling price is $412,000.
Source: RPdata
No comments:
Post a Comment