Interesting information through from the Reserve Bank this month, showing Australian house prices, still heading steadily upwards:
Australian Bureau of Statistics (ABS) data, shows that with the number of employed Australians increasing and the unemployment rate decreasing, this will obviously logically continue to keep our property markets sustained moving forwards:
June Key Points
TREND ESTIMATES (MONTHLY CHANGE)
SEASONALLY ADJUSTED ESTIMATES (MONTHLY)
This coupled with ABS data showing building work numbers also continuing to head upwards:
BUILDING WORK DONE
NEW RESIDENTIAL BUILDING WORK DONE
The seasonally adjusted estimate of the value of new residential building work done rose 2.0% to $14,735.1m. Work done on new houses fell 1.5% to $7,784.5m, while new other residential building rose 6.1% to $6,950.6m.
Have a great weekend and catch you next week!
Troy Gunasekera
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